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Question 2 of 3 < > Current Attempt in Progress Sandhill Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted
Question 2 of 3 < > Current Attempt in Progress Sandhill Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January $217,000 February 250,400 March 336,500 $38,000 41,600 39,700 -18 E Sandhill'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. Sandhill'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) Prepare a schedule of expected collections from customers for March. SANDHILL COMPANY Expected Collections from Customers March
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