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The following credit sales are budgeted by ELO Company: January $51,000   February   $75,000   March $105,000 April...

The following credit sales are budgeted by ELO Company:

January $51,000  
February   $75,000  
March $105,000
April $90,000  

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 April is:

  • $84,000.  

  • $90,000.  

  • $88,200.

  • $92,580.  

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