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What the anticipated cash inflow for the month of august is

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Reference no: EM132907966

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

May $542600

June 798000

July 1117200

August 957600

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

Option 1: $893760.

Option 2: $938440.

Option 3: $957600.

Option 4: $985048.

Reference no: EM132907966

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