Question: Utilizing the attached data what are the expected cash collections for months 3 & 4. Show your calculations. On average 50% of credit sales are

Utilizing the attached data what are the expected cash collections for months 3 & 4. Show your calculations. On average 50% of credit sales are paid for in the current month, 30% in the next month, and the remaining 20% in the month after that.

Month 1 2 3 4

Cash Sales 15 24 18 14

Credit Sales 100 120 90 70

Show your calculations.

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