Expected total sales:
The company expects 70% of its sales to be an account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 72% in the month following the sale with the remainder being uncollectible and written off in the month following the sale. The total cash inflows from the collection of receivables in April would be...?
Excel file contains calculations of the total cash inflows from the collection of receivables in the month.