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Here is a forecast of sales by National Bromide for the first 4 months of 2022 (figures in thousands of dollars): Month: 1 2 3
Here is a forecast of sales by National Bromide for the first 4 months of 2022 (figures in thousands of dollars):
Month: | 1 | 2 | 3 | 4 |
---|---|---|---|---|
Cash sales | 22 | 31 | 25 | 21 |
Sales on credit | 135 | 155 | 125 | 105 |
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?
Note: Enter your answers in whole dollars not in thousands of dollars.
A. Month 3 expected cash collections?
B. Month 4 expected cash collections?
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