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Here is a forecast of sales by National Bromide for the first four months of 2013 (figures in $ thousands): Month 1 Month 2 Month
Here is a forecast of sales by National Bromide for the first four months of 2013 (figures in $ thousands):
Month 1 Month 2 Month 3 Month 4
Cash sales 15 24 18 14
Sales on credit 100 120 90 70
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? (Enter your answers in thousands.)
Expected Cash Inflow from Operations
Month 3 $
Month 4 $
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