Answer (C) is correct . The cash inflows for May will come from May cash sales of $8,500 ($85,000 ¡Á 10%), May credit sales of $30,600 ($85,000 ¡Á 90% ¡Á 40%), April sales of $21,600 ($80,000 ¡Á 30% ¡Á 90%), March sales of $15,750 ($70,000 ¡Á 25% ¡Á 90%), and February sales of $2,925 ($65,000 ¡Á 5% ¡Á 90%). The total is $79
|