Nieto Companys budgeted sales and direct materials purchases are as follows.

Nietos 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. Nietos purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase.

prepare a schedule of expected collections from customers for March. (Round answers to 0 decimal places, e.g. 2,500.)

Prepare a schedule of expected payments for direct materials for March. (Round answers to 0 decimal places, e.g. 2,500.)

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 21-17 Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January February $237,200 227,300 284,800 $36,500 43,100 42,900 March 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 60% in the month following purchase. (a) RCES (a) Prepare a schedule of expected collections from customers for March. (Round answers to 0 decimal places, e.g. 2,500.) NIETO COMPANY Expected Collections from Customers Total collections NEXT CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT RCES (b) Prepare a schedule of expected payments for direct materials for March. (Round answers to 0 decimal places, e.g. 2,500.) NIETO COMPANY Expected Payments for Direct Materials Total payments