Principles of Corporate Finance
Principles of Corporate Finance
13th Edition
ISBN: 9781260465099
Author: BREALEY, Richard
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 29, Problem 8PS

Collections on receivables* Here is a forecast of sales by National Bromide for the first four months of 2019 (figures in $ thousands):

Chapter 29, Problem 8PS, Collections on receivables Here is a forecast of sales by National Bromide for the first four months

On the average 50% of credit sales are paid for in the current month, 30% 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?

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