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Eond Company budgets the following purchases of direct materials for the first quarter of the year: All purchases of direct materiais are made on credit. On average, the company pays for 80% of its purchases in the month of acquisition and the remainder in the following month. Purchases take place fality evenly throughout the month. Required: 1. For the months of February and March, what are the budgeted cash payments for puirchases of direct materials under the assumption thot there is no (cash) discount for early payment? 2. For the months of February and March, what are the budgeted cash payments for purchases of direct materlals under the assumption thet the purchase terms are 2/15, net 30 ? The company's policy is to take odvantage of all cash discounts for early payment. 30. Using the purchase terms in Requirement 2, calculate the opportunity cost if Bond does not decide to take advantoge of the ear poyment discount. 36. Can it be considered good economic policy to take advantage of early payment discounts? Answer is not complete. Complete this question by entering your answers in the tabs below. For the months of February and March, what are the budgeted cash payments for purchases of direct materials under the assumption that there is no (cash) discount for early payment? Bond Company budgets the following purchases of direct materials for the first quarter of the year: All purchases of direct materials are made on credit. On average, the company pays for 80% of its purchases in the month of acquisition and the remainder in the following month. Purchases take place fairly evenly throughout the month. Required: 1. For the months of February and March, what are the budgeted cash payments for purchases of direct materials under the assumption that there is no (cash) discount for early payment? 2. For the months of February and March, what are the budpeted cash payments for purchases of direct materials under the assumption that the purchase terms are 2/15, net 30 ? The company's policy is to take advantage of all cash discounts for early payment. 3e. Using the purchase terms in Requirement 2 , calculate the opportunity cost if Bond does not decide to take advantage of the eat poyment discount. 3b. Can it be considered good economic policy to toke odvantoge of early payment discounts? (8) Answer is not complete. Complete this question by entering your answers in the tabs below. assumption that the purchase terms are 2/15, net 30 ? The company's policy is to take advantage of all cash discounts for early payment. Bond Company budgets the following purchoses of direct materials for the first quarter of the year: All purchases of diroct materials are made on credit. On average, the company pays for 80% of its purchases in the month of acquisition and the remainder in the following month. Purchases take place fairly evenly throughout the month. Required: 1. For the months of February and March, what are the budgeted cash payments for purchases of direct materials under the assumption that there is no (cash) discount for early payment? 2. For the months of February and March, what are the budgeted cash payments for purchases of direct materiais under the assumption that the purchase terms are 2/15, net 30 ? The company's policy is to take advantage of all cash discounts for early poyment. 3a. Using the purchase terms in Requirement 2 , calculate the opportunity cost if Bond does not decide to take advantage of the early payment discount 36. Con it be considered good economic policy to take advantage of early payment discounts? (8 Answer is not complete. Complete this question by entering your answers in the tabs below. Can it be considered good economic poscy to take advantage of early payment discounts? Bond Compary budgets the following purchases of direct materials for the first quarter of the year: Al purchases of cirect matorials are mode on credit On average, the company pays for 80% of its purchases in the month of acquisition and the remainder in the following month. Purchases take place fairly eventy throughout the month. Required: 1. For the months of February and March, what are the budgeted cash payments for purchases of direct materials under the assumption that there is no (cash) discount for early payment? 2. For the months of Fobruary and March, what are the budgeted cash poyments for purchases of direct materlals under the assumption that the purchase terms are 2/15, net 30 ? The company's policy is to take advantape of all cash discounts for early payment. 3a. Using the purchase terms in Requirement 2, calculate the opportunity cost if Bond does not decide to take advantage of the ea payment discount. 3b. Can it be considered good economic policy to take advantage of early payment discounts? Answer is not complete. Complete thls question by entering your answers in the tabs below. Using the purchase terms in Requirement 2, calculate the opportunity cost if Bond does not decide to take advantage of the early payment discount. (Enter your answer as a percent rounded to 2 decimal places (c.e. 12.34=12.34% ))