Moorcroft Company's budgeted sales and direct materials purchases are as follows: Budgeted Sales pri $316,000 May 347,000 403,000 Budgeted D.M.Purchases $47,000 49,000 54,000 June Moorcroft's sales are 40% cash and 60% credit. Credit sales are collected 20% n the month of sale, 50% in the month following sale, and 25% in the second month following sale: 4% are uncollectible. Moorcroft's purchases are 50% cash and 50% on account Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase. Prepare a schedule of expected payments for direct materials for June. Moorcroft Company Schedule of Expected Payment for Direct Materials 9400 47000 23500 S 4200 49000 24500 54000 27000 23500 33900 Total Collections 0900 eTextbook and Media Attempts: 2 of 5 used Your answer is partially correct orcroft's assistant controller suggested that Moorcroft hire a part time collector to encourage customers to pay more pro pty and to educe the amount of uncollectible accounts. Sales are still 406 cash and 6 % credit bu assistant controller predicted that this would cause credit sales to be collected 30% in the month of the sale 50% in the month following sale and 18% in the second month following sale, 2% are uncollectible Prepare a schedule of expected collections from customers for June. How did these changes impact cash collections? Moorcroft Company Schedule of Expected Collections from Customers 316000 49296 347000 209560 04100 03000 Total Collections 209560 49296S 04100