Solution-What is the projected cash inflow from accounts

What is the projected cash inflow from accounts receivable

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Question - Summer Bottle, a recycling glass company, has supplied the following information in relation to their actual sales in 2018 and planned sales for the first quarter of 2019.

	Cash	Credit	Total
2018 Actual Sales for
November	25,000	25,000	50,000
December	35,000	40,000	75,000
2019 Estimated Sales for
January	18,000	30,000	48,000
February	21,000	35,000	56,000
March	22,000	40,000	62,000

Past records indicate that expected receipts collected from debtors will be:

- 60 per cent in the month of sale

- 40 per cent in the month following the sale Refer to the table above.

Required - What is the projected cash inflow from accounts receivable (collected from credit sales) in February 2019?

Reference no: EM132698036

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What is the projected cash inflow from accounts receivable

Reference no: EM132698036

Reference no: EM132698036

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