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Historically, Pine Hill Wood Products has had no significant bad debt experience with its customers. Cash sales have accounted for ten percent of total sales and payments for credit sales have been received as follows.
The forecast for both cash and credit sales is as follows.
Due to deteriorating economic conditions, Pine Hill Wood Products has now decided that its cash forecast should include a bad debt adjustment of two percent of credit sales, beginning with sales for the month of April. Because of this policy change, the total expected cash inflow related to sales made in April will:
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