Here is a forecast of sales by National Bromide for the first four months of 2013 (figures

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Here is a forecast of sales by National Bromide for the first four months of 2013 (figures in $ thousands):

On the average 50% of credit sales are paid for in the current month, 30% 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?

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Principles of Corporate Finance

ISBN: 978-0078034763

11th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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Question Posted: Nov 21, 2016 08:46 AM

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Here is a forecast of sales by National Bromide for the first four months of 2013 (figures

Question:

Month 1 Month 2 24 120 Month 3 Month 4 15 18 90 Cash sales 14 Sales on credit 100 70

Step by Step Answer:

To calculate cash inflow we multiple the credit sales coll...View the full answer

Principles of Corporate Finance

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