Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Cash sales Sales on credit Month 1 Month 2 Month 3 30 24 21 160 180 150 Month 4 20 130 On average, 49% of credit sales are paid for in the current month, 29% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Cash sales Sales on credit Month 1 Month 2 Month 3 30 24 21 160 180 150 Month 4 20 130 On average, 49% of credit sales are paid for in the current month, 29% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Problem 30-5 Collections on receivables
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $thousands):
Month 1 Month 2 Month 3 Month 4
20
21
30
24
160
180
150
130
Cash sales
Sales on credit
On average, 49% of credit sales are paid for in the current month, 29% are paid in the next month, and the remainder are paid in the
month after that. What is the expected cash inflow from operations in months 3 and 4?
Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.
Items
Month 3
Month 4
Expected Cash Inflow from
Operations (in $ thousands)
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