The marketing department of Singapores CrownJewel Hotel has projected the following sales in the last half of the current financial year.

CrownJewel projected sales (in $ thousands)

July August September October November December

Rooms 630 660 600 540 500 600

Restaurant and bar 90 100 80 70 60 80

Most of CrownJewels room sales are made to corporate clients. Past experience indicates that 10% of room sales are for cash, 50% is collected in the month following the sale, 35% is collected 2 months following the sale and 5% of sales are to a large company that takes 3 months to settle accounts.

In the past, 30% of restaurant and bar sales have been for cash and 70% have been charged and collected in the month following the sale.