BUSI 530 8th Ed Dev: BUSI 530 Fall B 2016 16 FINANCE Chapter 19 Question 3 (of 4) 3. value points 5.00 Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures in thousands of dollars): Month 1 2 3 4 Cash sales 16 25 19 15 Credit sales 105 125 75 On average, 60% of credit sales are paid for in the current month, 20% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4? (Enter your answers in whole dollars Expected cash collections Month 3 Month 4 References eBook & Resources Worksheet Difficulty: Intermediate Learning Objective: 19-04 Develop a short-term fina need for cash