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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 | 23 | 32 | 26 | 22 | ||||||||
Credit sales | 140 | 160 | 130 | 110 |
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 | $ |
|
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