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 whole dollars not in thousands of dollars.)
Expected Cash Collections
Month 3 ???
Month 4 ???
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