Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars): Month: 3\ 1 32 4. Cash sales 41 35 175 31 Sales on credit 185 205 155 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 tha What are the expected cash collections in months 3 and 4? (Enter your answers in whole dollars not in thousands of dollars.) Expected Cash Collections Month 3 Month 4

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars):
Month:
1
21
3\
4
Cash sales
32
41
35
31
Sales on credit
185
205
175
155
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? (Enter your answers in whole dollars not in thousands of dollars.)
Expected Cash
Collections
Month 3
Month 4
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Transcribed Image Text:Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars): Month: 1 21 3\ 4 Cash sales 32 41 35 31 Sales on credit 185 205 175 155 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? (Enter your answers in whole dollars not in thousands of dollars.) Expected Cash Collections Month 3 Month 4 < Prev 3 of 8 Next search
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