Finance
posted by alex .
Forecasting Collections. Here is a forecast of sales by National Bromide for the first 4 months of 2001 (figures in thousands of dollars):
Month: 1 2 3 4
Cash sales 15 24 18 14
Sales on credit 100 120 90 70
On average, 50 percent of credit sales are paid for in the current month, 30 percent in the next month, and the remainder in the month after that. What are expected cash collections in months 3 and 4?
Respond to this Question
Similar Questions

statistics
Refer to the following table which contains the sales (in $,000) for a department store for the first ten months of the year. Month Sales January 440 February 480 March 590 April 400 May 500 June 550 July 470 August 500 September 600 … 
finance
a. Mike Epstein is very optimistic because sales for his feed store are expected to double from $800,000 to $1,600,000 next year. His net assets (Assets – Liabilities) will remain at 50% of sales. The company will enjoy a 10 percent … 
statistics
A manager wishes to determine the relationship between the number of miles (in hundreds of miles) the manager's sales representatives travel per month and the amount of sales (in thousands of dollars) per month. Find the equation of … 
Finance
Here is a forecast of sales by National Bromide for the first 4 months of 2012 (figures in thousands of dollars): Month: 1 2 3 4 Cash sales 19 28 22 18 Salesoncrdt 140 160 130 110 On average, 40% of credit sales are paid for in the … 
Accounting
As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March were as follows: $120,000, $140,000 and $150,000. 20% of each month’s sales are for cash. Of … 
MATH Albera
Sales at a certain department store follow the model where y is the total sales in thousands of dollars and x is the number of years after 2001. What was the first year that sales fell below $50,000? 
Qualitative analysis
Computer sales over the past 4 months have been 35, 34, 38, and 44 units. Using a 3month moving average, forecast sales for the next month. Using a 3month weighted moving average with the weights 3, 2, and 1, and with the most weight … 
C Programming
how do i write a C program that accepts sales made by 5 sales reps for the 4 months that they have been selling the company's products. The program should then find the total sales for 4 months, total sales for each sales rep, and … 
accounting
As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March of 2012 were as follows: $120,000, $140,000 and $150,000. 20% of each month’s sales are for … 
math
Sales at a certain department store follow the model 407201020300_files/i0100000.jpg where y is the total sales in thousands of dollars and x is the number of years after 2001. What was the first year that sales fell below $50,000?