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Here is a forecast of sales by National Bromide for the first 4 months of 2022 (figures in thousands of dollars): Month: 1 2
Here is a forecast of sales by National Bromide for the first 4 months of 2022 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 17 26 20 16 Sales on credit 110 130 100 80 On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4? Note: Enter your answers in whole dollars not in thousands of dollars. Expected Cash Collections Month 3 Month 4
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