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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 24 33 27 23

Credit sales 145 165 135 115

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?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91772916

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