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Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars): Month:1234Cash sales34433733Sales on credit195215185165
Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars):
Month:1234Cash sales34433733Sales on credit195215185165
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?(Enter your answers in whole dollars not in thousands of dollars.)
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