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Here is a forecast of sales by National Bromide for the first 4 months of 2017 (Figures in thousand of dollars): On average, 50% of
Here is a forecast of sales by National Bromide for the first 4 months of 2017 (Figures in thousand of dollars):
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.)
Month: Cash sales Credit sales 4. 33 42 36 32 190 210 180 160
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