Question

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		24			33			27			23
Sales on credit		145			165			135			115

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

Answer 1

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