Solution-On average 50 percent of credit sales arc paid for

On average 50 percent of credit sales arc paid for in the

Reference no: EM13575501

Forecasting Collections. Here is a forecast of sales by National Bromide for the first 4 months of 2010 (figures in thousands of dollars):

Month	1	2	3	4
Cash sales	15	24	18	14
Sales on credit	100	120	90	70

On average, 50 percent of credit sales arc paid for in the current month, 30 percent in the next a month, and the remainder in the month after that. What are expected cash collections in months 3 and 4?

Reference no: EM13575501

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On average 50 percent of credit sales arc paid for in the

Reference no: EM13575501

Reference no: EM13575501

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