What are the expected cash collections in months

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Reference no: EM131991101

Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 29 38 32 28 Credit sales 170 190 160 140 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 not in thousands of dollars.)

Reference no: EM131991101

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