Here is a forecast of sales by National Bromide for the first four months of 2010 (figures
Question:
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 and4?
Transcribed Image Text:
Cash sales Sales on credit Month 1 15 100 Month 2 24 120 Month 3 18 90 Month 4 14 70
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Month 3 18 5 X 90 ...View the full answer
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Related Book For
Principles of Corporate Finance
ISBN: 978-0077404895
10th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen
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