Question $4$: Leed Company is a manufacturing company and will need to use the information from the materials purchases budget first. Leed Company makes all material purchases on credit. Leed Company will pay for material purchases $80\%$ in the quarter of purchase and $20\%$ in the quarter after the purchase. Accounts Payable at the beginning of the year is $$80,000$ and will be paid in the $1$ st Quarter. We will calculate cash payments for material purchases as shown in the following table. $15$ PTS

Qtr $1$

Qtr $2$

Qtr $3$

Qtr $4$

Budgeted material purchases

$$250,000$

$$295,000$

$$217,500$

$$217,500$

Cash payments

Cash payments from previous qtr$.$

$80,000$

Total cash cash payments