Check my work 5 Problem 19-14 Forecasting Collections (LO3) Here is a forecast of sales...
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Check my work 5 Problem 19-14 Forecasting Collections (LO3) Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): 20 points Month: Cash sales Credit sales 23 32 26 22 140 160 130 110 Skipped eBook Print References 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.) Expected Cash Collections Month 3 Month 4
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