4) Pauly Company's sales are collected 30% in the month of the sale, 40% in the month following sale, and 30% in the second month following sale. The following are budgeted sales data: January February March April Total Sales $62,000 $72,000 $52,000 $32,000 What are budgeted cash collections in March (Answer: d)? a. $15,600 b. $66,000 c. $52,000 d. $63,000 5) Bridgette's Boutique has budgeted to make the following material purchases during the next four months: January February March April Total DM Purchases $45,600 $55,000 $52,300 $30,800 Bridgette pays for 60% of the purchases in the month of purchase and 40% in the following month. Accounts payable at the end of March would be (Answer: a): a. $20,920 b. $39,400 c. $52,300 d. $30,800