Here is a forecast of sales by National Bromide for the first four months of 2022...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Month 1 Month 2 Month 3 Month 4 Cash sales Sales on credit 23 180 32 26 22 200 170 150 On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Expected Cash Inflow from Items Operations (in $ thousands) Month 3 Month 4 Help Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Month 1 Month 2 Month 3 Month 4 Cash sales Sales on credit 23 180 32 26 22 200 170 150 On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Expected Cash Inflow from Items Operations (in $ thousands) Month 3 Month 4 Help
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Suggest two strategies for the company to minimise the impact of the strike on business operation?
-
Explain what is meant by process capability. Why is it important? What does it tell us? How can it be measured?
-
AV City stocks and sells a particular brand of laptop. It costs the firm $625 each time it places an order with the manufacturer for the laptops. The cost of carrying one laptop in inventory for a...
-
This project demonstrates how Excel can be used to create a variety of useful documents for small businesses. a. Read the article A Do-It-Yourself Automated Invoicing System, by Jacob M. Rose, which...
-
As at December 31, 2017, Kendrick Corporation is having its financial statements audited for the first time ever. The auditor has found the following items that might have an effect on previous...
-
Identify an economic crisis or turning point that had significant impacts to certain industries in the U.S. market. Explain why investing in international markets can be a good strategy to hedge...
-
2 7 . What is an example of a managerial accounting report? A . product line revenue report B . Balance sheet report C . Statement of cash flow report D . income statement report
-
A sole trader can take drawings from a business. How would someone who is a director and shareholder of a business be rewarded?
-
A sole trader's statement of financial position shows the amount of capital that the owner has invested in the business. What is the equivalent figure or figures for a company?
-
What are the implications for a company if some of its shareholders sell their shares at a profit? Will the share premium account be affected?
-
Does the statement of financial position include every significant asset from which the business benefits?
-
Will all businesses use the same depreciation methods and rates for similar assets?
-
The management of risk is proving to be one of the most difficult tasks for the project management profession. How can risk be managed effectively and who should be responsible for this task? You are...
-
Consider the setup in Problem 16. Show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision. (This result is analogous to...
-
Information from Razure Adventures Companys financial statements for the current year are provided in the Working Papers. Work independently to complete the following problem. 1. Calculate the...
-
Baycom Corporation's comparative income statement is provided in the Working Papers. Your instructor will guide you through the following examples. 1. Complete the partial income statement using...
-
Baycom Corporation's comparative balance sheet is provided in the Working Papers. Work independently to complete the following problem. 1. Complete the comparative balance sheet using trend analysis....
Study smarter with the SolutionInn App