What are expected cash collections in months 3 and


Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 33 42 36 32 Sales on credit 190 210 180 160 On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are expected cash collections in months 3 and 4? (Enter your answers in whole dollars not in thousands of dollars.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What are expected cash collections in months 3 and
Reference No:- TGS02656779

Expected delivery within 24 Hours