(Answered) The forecast of sales for the first four months

Economics

The forecast of sales for the first four months is

Month 1 2 3 4

Cash Sales- 18 27 21 17

Credit Sales- 115 135 105 85

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.

How do I calculate the expected cash collections for month 3 and 4

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Business Economics, Economics

Category:- Business Economics
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