Here is a forecast of sales by National Bromide for the first four months of 2010 (figures

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Here is a forecast of sales by National Bromide for the first four months of 2010 (figures in $ thousands):

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?

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:53 AM

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Here is a forecast of sales by National Bromide for the first four months of 2010 (figures

Question:

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

Principles of Corporate Finance

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