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Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M Purchases Budgeted Sales January February March $200,000 220,000 250,000 30,000 36,000 38,000

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Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M Purchases Budgeted Sales January February March $200,000 220,000 250,000 30,000 36,000 38,000 Nietos sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month follow ng sale and 35% im 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 O decimal places, eg. 2,500.) NIETO COMPANY Expected Collections from Customers March Total collections

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