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here is a forecast of sales by national bromide for the first 4 months of 2017 (figures are in thousands) Month 1 2 3 4
here is a forecast of sales by national bromide for the first 4 months of 2017 (figures are in thousands)
Month 1 2 3 4
cash sales 29 38 32 28
credit sales 170 190 160 140
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?
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