Determining Cash Inflow
Not what you're looking for?
Below is the sales forecast for Cooper Inc. for the first four months of the coming year.
Jan Feb Mar Apr
Cash sales.......... $ 15,000 $ 24,000 $ 18,000 $ 14,000
Credit sales........ $100,000 $120,000 $ 90,000 $ 70,000
On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder is paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is:
$138,000.
$122,000.
$119,000.
$108,000.
Purchase this Solution
Solution Summary
The solution determines cash inflow for Cooper Inc.
Solution Preview
Cash received from cash sales in Mar is 18 (thousand)
Cash received ...
Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Motivation
This tests some key elements of major motivation theories.