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The company expects 70 of its sales to be on account credit

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Reference no: EM13598986

Browning Company's sales budget shows the following expected total sales:

  • Month Sales
  • January $16,000
  • February $20,000
  • March $25,000
  • April $48,000

The company expects 70% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 70% in the month following the sale with the remainder being uncollectible and written off in the month following the sale. The total cash inflows from the collection of receivables in April would be?

Reference no: EM13598986

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