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Item 5

Problem 19-14 Forecasting Collections (LO3)

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

Month:	1			2			3			4
Cash sales		23			32			26			22
Sales on credit		140			160			130			110

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?