1. If a firm pays its bills with a 30-day delay, what fraction of its purchases will be paid in the current quarter? In the following quarter? What if the delay is 60 days? 2. Here is a forecast of sales by a specific firm for the first four months of 2024 (figures are 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