QUESTION # 1-F Calculate the Budgeted Cash Receipts from Customers for the month of January. PLAID Company sales for the 1" quarter of 2015 are expected to be the following: January: $500,000 February $600,000 Sales are all purchased by customers on account. Customers Accounts are normally collected in the following manner: 45% are paid in the month of sale 50% are paid in the month following the sale. 5% are uncollected Additional Information: December 2015 Sales: $1,500,000 Calculate the Budgeted Cash Receipts from Customers for the month of January Payments from Sales in Collections: January TOTAL cash receipts QUESTION # 1-6 ABC Company purchases all merchandise on account. The have always paid 40% in the month following the purchase and 60% in the following month. 11 ABC Company purchased or expects to purchase the following amounts, calculate how much would be paid or purchases during the 1" quarter of 2015. Month Purchases November 10 $400,000 December 10 S450,000 January 10 S500,000 February 10 $400,000 March 10 S600,000 April 10 S450,000 Purchases in the month of Cash Payments (disbursements) for the 1st Quarter of 2015 January February March TOTAL cash payments