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		25			34			28			24
Sales on credit		150			170			140			120

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? (Enter your answers in whole dollars not in thousands of dollars.)

Answer is complete but not entirely correct.

	Expected Cash Collections Month 3 $179selected answer incorrect Month 4 $160selected answer incorrect

Answer 1

calculations-

note-

You have put your answers in Thousands of dollars where as question asks to put it in whole dollars.So,put the whole figure like I have done in the question.

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