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Nieto Company's budgeted sales and direct materials purchases are as follows: Nieto's sales are 30% cash and 70%6 credit. Credit sahes are collected 10% in

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Nieto Company's budgeted sales and direct materials purchases are as follows: Nieto's sales are 30% cash and 70%6 credit. Credit sahes are collected 10% in the month of sale, 50% in the month following sale. 3 di 36% inthe second month following sale: 48 are uncolltectible. Nieto's purchases are 50% cash and 50% on account. Purchases on account are paid 40% inthemonth of purchase. and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March

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