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Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. Quarter in Coming Year Following Year First Second Third Fourth First Quarter Sales forecast $372 $360 $336 $384 $384 Suppose that Paymore's customers pay their bills with a 2-month delay. What is the forecast for Paymore's cash receipts in each quarter of the coming year? Assume that sales in the last quarter of the previous year were $336. (Round your answers to the nearest whole dollar.) Quarter in Coming Year Following Year First Second Third Fourth First Quarter Cash receipts $ $ $ $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92866081

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