Lindell Company made direct material purchases of $50,000 and $62,000 in September and October, respectively. The company pays 60% of its purchases in the month of purchase and 40% is paid in the following month. How much cash was paid for purchases in October? Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $370,000,$430,000, and $450,000, respectively. Twenty percent of CC's sales are cash, with the remainder collected evenly over two months. During December, CC's total sales were $680,000. CC is beginning its budget process and has asked for your help in preparing the cash budget. Compute CC's expected cash receipts from customers for each month. Garfield Corp. expects to sell 1,000 units of its pet beds in March and 700 units in April. Each unit sells for \$140. Garfield's ending inventory policy is 10 percent of the following month's sales. Garfield pays its supplier $40 per unit. Compute Garfield's budgeted purchases of pet beds for March