Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands) Cash sales Sales on credit Month 1 Month 2 23 180 Month 3 Month 4 32 200 26 170 22 150 On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Expected Cash Inflow from Items Operations (in $ thousands) Month 3 Month 4
Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands) Cash sales Sales on credit Month 1 Month 2 23 180 Month 3 Month 4 32 200 26 170 22 150 On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Expected Cash Inflow from Items Operations (in $ thousands) Month 3 Month 4
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
Problem 5MC
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![Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands)
Month 1
Month 2
Month 3
Month 4
Cash sales
Sales on credit
23
180
32
200
26
170
22
150
On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the
month after that. What is the expected cash inflow from operations in months 3 and 4?
Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.
Items
Month 3
Month 4
Expected Cash Inflow from
Operations (in $ thousands)
Help](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff856f5db-1678-44a2-ab99-878a8fcf4612%2F6ee1b74d-9c59-4006-b4a9-23ca4065c398%2F6j77kwq_processed.png&w=3840&q=75)
Transcribed Image Text:Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands)
Month 1
Month 2
Month 3
Month 4
Cash sales
Sales on credit
23
180
32
200
26
170
22
150
On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the
month after that. What is the expected cash inflow from operations in months 3 and 4?
Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.
Items
Month 3
Month 4
Expected Cash Inflow from
Operations (in $ thousands)
Help
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