Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures

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Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars):

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 the expected cash collections in months 3 and 4?

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Fundamentals of Corporate Finance

ISBN: 978-1260566093

10th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Oct 25, 2019 08:08 AM

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Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures

Question:

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

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Month 3 18000 05 90000 ...View the full answer

Fundamentals of Corporate Finance

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