Homework Answers
Solution:
The anticipated cash inflow for the month of April is $90,000.
| Particulars | January | February | March | April |
| Sales | $51,000 | $75,000 | $105,000 | $90,000 |
| Collection for: | ||||
| January | $35,700 ($51,000 × 70%) | $10,200 ($51,000 × 20%) | $4,080 ($51,000 × 8%) | |
| February | $52,500 ($75,000 × 70%) | $15,000 ($75,000 × 20%) | $6,000 ($75,000 × 8%) | |
| March | $73,500 ($105,000 × 70%) | $21,000 ($105,000 × 20%) | ||
| April | $63,000 ($90,000 × 70%) | |||
| Total | $90,000 | |||
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