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Question 12 of 13 > View Policies Current Attempt in Progress Nieto Company's budgeted sales and direct materials purchases are as follows Budgeted Sales January

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Question 12 of 13 > View Policies Current Attempt in Progress Nieto Company's budgeted sales and direct materials purchases are as follows Budgeted Sales January February March $273.000 242.200 344.100 Budgeted DM Purchases $30.300 37.600 46,500 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 3ox in the second month followine sale: 1% are uncollectitle 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. Prepare a uchedule of expected collections from customers for March NIETO COMPANY Expected Collections from Customers March

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