Question
Estimatedsales for the next four months are as follows (in $ million): Month1234 Cash sales46.0149.2352.6856.36Credit sales92.0273.8579.0284.55 The firm collects 30% of credit sales in the
Estimatedsales for the next four months are as follows (in $ million):
Month1234Cash sales46.0149.2352.6856.36Credit sales92.0273.8579.0284.55
The firm collects 30% of credit sales in the month of the sale and the remainder in the following month.
Part1
What are total cash collections in month 2 (in $ million)?
Part2
What are total cash collections in month 3 (in $ million)?
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The Rise And Fall Of Neoliberal Capitalism
Authors: David M Kotz
1st Edition
0674725654, 9780674725652
