Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures
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Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 25 34 28 24 Credit sales 150 170 140 120 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? (Enter your answers in whole dollars not in thousands of dollars.)
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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