Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here is a forecast of sales by National Bromide for the first 4 months of 2 0 2 2 ( figures in thousands of dollars

Here is a forecast of sales by National Bromide for the first 4 months of 2022(figures in thousands of dollars):
\table[[Month:,1,2,3,4],[Cash sales,32,41,35,31],[Sales on credit,185,205,175,155]]
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.
\table[[,\table[[Expected Cash],[Collections]]],[Month 3,],[Month 4,]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Real Estate Finance

Authors: David Sirota

11th Edition

1419520911, 9781419520914

More Books

Students also viewed these Finance questions

Question

10. Describe the quantitative methodology behind Six Sigma.

Answered: 1 week ago

Question

Explain this statement: Goals are dreams with deadlines.

Answered: 1 week ago