Question

Here is a forecast of sales by National Bromide for the first 4 months of 2019...

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 35 44 38 34
Sales on credit 200 220 190 170

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.)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Here is a forecast of sales by National Bromide for the first 4 months of 2019...
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 31 40 34 30 Sales on credit 180 200 170 150 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...
Here is a forecast of sales by National Bromide for the first 4 months of 2017...
Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 29 38 32 28 Credit sales 170 190 160 140 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...
Here is a forecast of sales by National Bromide for the first 4 months of 2017...
Here is a forecast of sales by National Bromide for the first 4 months of 2017 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 30 39 33 29 Credit sales 175 195 165 145 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...
Here is a forecast of sales by XYZ Inc. for the first 4 months of 2018...
Here is a forecast of sales by XYZ Inc. for the first 4 months of 2018 (figures in thousands of dollars): Month 1 2 3 4 Cash sales 15 24 18 14 Sales on credit 100 120 90 70 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?
National Beverage Company anticipates the following​ first-quarter sales for​ 2015:  ​$1,808,000 ​(January), $1,669,000 ​(February), and ​$2,157,000...
National Beverage Company anticipates the following​ first-quarter sales for​ 2015:  ​$1,808,000 ​(January), $1,669,000 ​(February), and ​$2,157,000 ​(March). It posted the following sales figures for the last quarter of​ 2014:   $1,843,000 ​(October), ​$ 2,033,000 ​(November), and ​$ 2,107,000 ​(December). The company sells 38% of its products on​ credit; 62% are cash sales. The company collects credit sales as​ follows:   29% in the following​ month, 50% two months​ later, and 18% three months​ later, with 3% defaults. What are the anticipated cash...
Develop a cash budget for the next two months using the information provided below Monthly sales...
Develop a cash budget for the next two months using the information provided below Monthly sales forecast are $210,000 and $30,000 for the next two months The current month's sales were $140,000 80% of sales are collected in the month of sale, with the remainder collected in the following month Cost of goods sold equal 70% of sales The monthly lease payment is $75,000 The cash position at the end of the current month is $70,000 The target cash balance...
Information pertaining to Noskey Corporation’s sales revenue follows: November 2018 (Actual) December 2018 (Budgeted) January 2019...
Information pertaining to Noskey Corporation’s sales revenue follows: November 2018 (Actual) December 2018 (Budgeted) January 2019 (Budgeted) Cash sales $ 120,000 $ 124,000 $ 76,000 Credit sales 288,000 416,000 212,000 Total sales $ 408,000 $ 540,000 $ 288,000 Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next...
The following is the sales budget for Coore, Inc., for the first quarter of 2019: January...
The following is the sales budget for Coore, Inc., for the first quarter of 2019: January February March   Sales budget $142,000 $159,000 $174,000 Credit sales are collected as follows: 70 percent in the month of the sale 25 percent in the month after the sale 5 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $70,150 ($61,200 of which was uncollected December sales). a. Compute the sales for November....
Depotissimo " , has predicted the following sales for the first four months of 2015 January...
Depotissimo " , has predicted the following sales for the first four months of 2015 January $ 6,000 March $    15,000 February $ 11,000 April $    17,000 Monthly purchases of raw materials accounts for 60 % of sales forecast for the next month. Of total raw material purchases , payments are 60% in cash in the same month and 40% on credit. Of credit purchases 70% is paid in the following month and 30% is paid in two months. Predicted...
Depotissimo " , has predicted the following sales for the first four months of 2015 January...
Depotissimo " , has predicted the following sales for the first four months of 2015 January $ 7,000 March $    15,000 February $    12,000 April $    18,000 Monthly purchases of raw materials accounts for 50 % of sales forecast for the next month. Of total raw material purchases , payments are 50% in cash in the same month and 50% on credit. Of credit purchases 70% is paid in the following month and 30% is paid in two months. Predicted...