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A company expects that 90% of its sales will be on account and 10% will be...

A company expects that 90% of its sales will be on account and 10% will be in cash. It expects that 60% of its sales on account will be collected in the month of sale, 25% will be collected in the month following the month of sale, and 15% will be collected two months after the month of sale. It expects the following sales. Month Expected sales

January $900,000

February $850,000

March $700,000

April $650,000

May $575,000

June $500,000

July $400,000

What is the company’s expected April cash inflow?

What is the company’s expected accounts receivable balance on April 30?

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