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Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures in thousands of dollars): Month: 1 2 3

Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures in thousands of dollars):

Month: 1 2 3 4
Cash sales 33 42 36 32
Credit sales 190 210 180 160

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.)

Expected cash collections
Month 3 $
Month 4 $

Hi. I keep getting the answer wrong. My calculations for month 3 is 36,000 + (.5 * 180000) + (.3*210000) + (.3*190000), which is 246000. The hw is saying that is wrong. Similarly, I do the same setup for month 4.

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