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Calculate the expected cash inflow in march

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Reference no: EM132073572

Question - Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year.

January

February

March

April

Cash sales

$15,000

$24,000

$18,000

$14,000

Credit sales

$100,000

$120,000

$90,000

$70,000

On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is:

$138,000

$122,000

$119,000

$108,000

Reference no: EM132073572

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