Question
DEF Companys forecasted sales are given below. On average, 50% of credit sales are collected in the current quarter, 30% in the next quarter and
DEF Companys forecasted sales are given below. On average, 50% of credit sales are collected in the current quarter, 30% in the next quarter and 20% in the quarter after next. What are the expected total cash collections in quarters 3 and 4?
| Quarter: | 1 | 2 | 3 | 4 |
| Cash Sales | 15 | 24 | 18 | 14 |
| Sales on Credit | 100 | 120 | 90 | 70 |
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Finance For Food Towards New Agricultural And Rural Finance
Authors: Doris Köhn
1st Edition
3662568659, 978-3662568651
