Question

ABC is forecasting its cash flows for the upcoming year. The forecast sales levels for each...

ABC is forecasting its cash flows for the upcoming year. The forecast sales levels for each month are shown below. On average, 10% of ABC's customers pay in the same month of the sale, 35% pay in the month after the sale, and the rest pay two months after the sale is made. Given that information, how much total cash inflow from sales should ABC actually receive during the three month period from July through September?

Month

Sales

JAN

78,000

FEB

83,000

MAR

114,000

APR

211,000

MAY

227000

JUN

271,000

JUL

276,000

AUG

291,000

SEP

187,000

OCT

159,000

NOV

125,000

DEC

107,000
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