Reference no: EM133035816

Question - Oyco Company's budget committee came up with the company's budgeted sales for the first five months of the budget year 200B: January P 76,000 February 52,000 March 56,000 April 64,000 May 68,000 Ninety percent of total sales is on credit, Historically, Oyco Company has had no significant bad debt experience with its customers, and the receivables have been collected in the following manner: 40% in the month of sale 30% in the month following the sale 25% in the second month following the sale 5% in the third month following the sale However, due to the determination economic conditions brought about by the continuous increases in oil prices and other external factors, the budget committee decided that the cash forecast should include a provision for bad debts of 2% on credit sales beginning with the sales for the month of April. Because of this change in collection policy, determine the total cash inflow from April sales?