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What the anticipated cash inflow for the month of march

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Reference no: EM133033707

Question - The following credit sales are budgeted by Sheridan Company:

January $257000

February 378000

March 529200

April 453600

The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. What the anticipated cash inflow for the month of March?

Reference no: EM133033707

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