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What are the expected cash collections in months

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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

24

33

27

23

Sales on credit

145

165

135

115

On average, 60% of credit sales are paid for in the current month, 20% 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: EM132967623

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