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Please help with this question Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of
Please help with this question
Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars):
Month: 1 2 3 4
Cash sales 19 28 22 18
Sales on credit 120 140 110 90
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?
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