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Find the anticipated cash inflow for the month of august is

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The following credit sales are budgeted by Metlock, Inc.:

May $428400

June 630000

July 882000

August 756000

Problem 1: 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. The anticipated cash inflow for the month of August is

Reference no: EM132958961

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