Question: Problem 19-9 Forecasting Collections (LO2) Paymore Products places next five quarters are as follows: orders for goods equal to 75% of its sales forecast in

Problem 19-9 Forecasting Collections (LO2) Paymore Products places next five quarters are as follows: orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the Following Year First Quarter $444 Quarter in Coming Year Pirst Sales forecast $432 Second $420 Third $396 Fourth $444 What is the forecast for Paymore's cash receipts in each quarter of the coming year? 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 $396. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Quarter Collections

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