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What will be anticipated cash inflow for the month of August

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Question - The following credit sales are budgeted by Wildhorse Co.:

May $514100

June 756000

July 1058400

August 907200

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. What will be the anticipated cash inflow for the month of August?

Reference no: EM132827603

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