Question

National Beverage Company anticipates the following​ first-quarter sales for​ 2015:  ​$1,808,000 ​(January), $1,669,000 ​(February), and ​$2,157,000...

National Beverage Company anticipates the following​ first-quarter sales for​ 2015:  ​$1,808,000 ​(January), $1,669,000 ​(February), and ​$2,157,000 ​(March). It posted the following sales figures for the last quarter of​ 2014:   $1,843,000 ​(October), ​$ 2,033,000 ​(November), and ​$ 2,107,000 ​(December). The company sells 38% of its products on​ credit; 62% are cash sales. The company collects credit sales as​ follows:   29% in the following​ month, 50% two months​ later, and 18% three months​ later, with 3% defaults. What are the anticipated cash inflows for the first quarter of​ 2015?

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