Here is a forecast of sales by National Bromide for the first 4 months of 2019...
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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): Month: 2 4 Cash sales 18 27 21 17 Sales on credit 115 135 105 85 On average, 60% of credit sales are paid for in the current month, 20% 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.) Expected Cash Collections Month 3 Month 4 Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars): Month: 2 4 Cash sales 18 27 21 17 Sales on credit 115 135 105 85 On average, 60% of credit sales are paid for in the current month, 20% 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.) Expected Cash Collections Month 3 Month 4
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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
Posted Date:
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