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Here is a forecast of sales by National Bromide for the first 4 months of 2017: Month: 1 2 3 4 Cash sales 20 29
Here is a forecast of sales by National Bromide for the first 4 months of 2017:
Month: 1 2 3 4
Cash sales 20 29 23 19
Credit sales 125 145 115 95
On average, 60% of credit sales are paid for in the current month, 20% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4?
Expected Cash Collections:
Month 3
Month 4
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