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Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five
Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: Quarter in Coming Year Sales forecast First $ 500 Second $ 343 Third $ 356 Fourth $ 404 Following Year First Quarter $ 404 On average, one-third of sales are collected in the quarter that they are sold, and two-thirds are collected in the following quarter. Assume that sales in the last quarter of the previous year were $356. What is the forecast for Paymore's cash receipts in each quarter of the coming year? Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Quarter Collections 1 2 3 4
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