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Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): Month: 1 2 3
Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars):
Month: | 1 | 2 | 3 | 4 | ||||||||
Cash sales | 25 | 34 | 28 | 24 | ||||||||
Credit sales | 150 | 170 | 140 | 120 | ||||||||
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? (Enter your answers in whole dollars not in thousands of dollars.)
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