What are the expected cash collections in months

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Reference no: EM131182573

Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 23 32 26 22 Credit sales 140 160 130 110 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? (Enter your answers in whole dollars.) Expected cash collections Month 3 $ Month 4 $

Reference no: EM131182573

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