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Question - 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
29
38
32
28
Sales on credit
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?
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