Question: The following information is available regarding sales revenue for March, April, and May, Year 0008: Credit card sales revenue is collected on the average of every three days and the amount remaining uncollected at the end of the month represents 6% of the month's credit card sales revenue. Accounts receivable sales are collected in the month following the sales. Using the following information regarding sales, calculate the cash inflow for the months of April and May, Year 0008.
