Question

 Here is a forecast of sales by National Bromide for the first 4 months of 2015 (figures in thousands of

dollars):

 Month            1          2         3         4 

Cash Sales     17        26       20       16

Credit Sales   110     130     100      80

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.)

                         Expected cash collections

Month 3                        $ ________

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