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I have tried the two answers below but they are incorrect. The Expected Cash Collections in the Month 3 = $ 194,000 The Expected Cash
I have tried the two answers below but they are incorrect.
The Expected Cash Collections in the Month 3 = $ 194,000
The Expected Cash Collections in the Month 4 = $ 176,000
The Expected Cash Collections in the Month 3 =$186,600
The Expected Cash Collections in the Month 4 =$164,800
Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): Month: Cash sales 3 28 37 31 27 Credit sales 165 185 155 135 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.) Expected Cash Collections Month 3 Month 4Step by Step Solution
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