Question
Here is a forecast of sales by National Bromide for the first four months of 2019 (figures in $ thousands): Month 1 Month 2 Month
Here is a forecast of sales by National Bromide for the first four months of 2019 (figures in $ thousands):
| Month 1 | Month 2 | Month 3 | Month 4 |
Cash sales | 21 | 30 | 24 | 20 |
Sales on credit | 160 | 180 | 150 | 130 |
On the average 49% of credit sales are paid for in the current month, 29% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? (Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole number.)
| Expected Cash Flow inflow from Operations (in $ thousands) |
Month 3 |
|
Month 4 |
|
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