Chapter 19 Question 2

Here is a forecast of sales by National Bromide for the rst 4 months of 2017 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 16 25 19 15 Credit sales 105 125 95 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 not in thousands of dollars.) Expected Cash Collections