Intro

Estimated sales for the next four months are as follows (in $ million):

Month	1	2	3	4
Cash sales	49.22	52.67	56.35	60.3
Credit sales	98.44	79	84.53	90.44

The firm collects 60% of credit sales in the month of the sale and the remainder in the following month.

Attempt 1/10 for 8.5 pts.

Part 1

What are total cash collections in month 2 (in $ million)?

Submit

Attempt 1/10 for 8.5 pts.

Part 2

What are total cash collections in month 3 (in $ million)?

Submit