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Nieto Company's budgeted sales and direct materials purchases are as follows Budgeted D.M Purchases January February March Budgeted Sales %278,100 307,100 283,600 $39,600 42,900 42,000

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Nieto Company's budgeted sales and direct materials purchases are as follows Budgeted D.M Purchases January February March Budgeted Sales %278,100 307,100 283,600 $39,600 42,900 42,000 Nieto's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Nieto s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase and 6 6 n he month following purchase. Prepare a schedule of expected collections from customers for March. (Round answers to O decimal places, e.g. 2,50o. NIETO COMPANY Expected Collections from Customers March Total collections

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