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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 23 32 26 22
Credit sales140160130110
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.)
Exp Cash Collection
Month 3:
Month 4:
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