Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures

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Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures in thousands of dollars):

Month: 2 3 Cash sales 14 24 15 18 Sales on credit 120 100 90 70

On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are expected cash collections in months 3 and 4?

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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Question Posted: Nov 14, 2017 02:32 AM

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Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures

Question:

Month: 2 3 Cash sales 14 24 15 18 Sales on credit 120 100 90 70

Step by Step Answer:

Month 3 18000 5 x 90000 ...View the full answer

Fundamentals of Corporate Finance

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