Question
The forecast of sales for the first four months is Month1234 Cash Sales- 18 27 21 17 Credit Sales- 115 135 105 85 On average,
The forecast of sales for the first four months is
Month1234
Cash Sales- 18 27 21 17
Credit Sales- 115 135 105 85
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.
How do I calculate the expected cash collections for month 3 and 4
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
