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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