Question: need help Problem 19-9 Forecasting Collections (LO2) Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The

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need help Problem 19-9 Forecasting Collections (LO2) Paymore Products places orders for

Problem 19-9 Forecasting Collections (LO2) Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: First $476 Quarter in Coming Year Second Third Fourth $340 $353 $401 Following Year First Quarter $401 Sales forecast On average, one-third of sales are collected in the quarter that they are sold, and two-thirds are collected in the following quarter. Assume that sales in the last quarter of the previous year were $353. What is the forecast for Paymore's cash receipts in each quarter of the coming year? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Quarter Collections 1 2 3 4

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