Now suppose that paymores customers pay their bills with a

Reference no: EM13573551

Paymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows:

	Quarter in Coming Year				Following Year
	First	Second	Third	Fourth	First Quarter
Sales forecast	$480	$470	$440	$490	$490

Now suppose that Paymore's customers pay their bills with a 2-month delay. What is the forecast for Paymore's cash receipts in each quarter of the coming year? Therefore, on average, two-fourths of sales are collected in the quarter that they are sold, and two-fourths are collected in the following quarter. Assume that sales in the last quarter of the previous year were $440. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

Quarter	Collections
1	$
2
3
4

Reference no: EM13573551

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