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What are the expected cash collections in months

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Reference no: EM132875830

Problem - Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars):

Month:

1

2

3

4

Cash sales

19

28

22

18

Sales on credit

120

140

110

90

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?

Reference no: EM132875830

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