Question 4 View Policies Show Attempt History Current Attempt in Progress Cheyenne Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales $279,900 287,600 332,000 Budgeted D.M. Purchases $39,500 44,100 40,600 Cheyenne'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. Cheyenne'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. * Your answer is incorrect. Prepare a schedule of expected collections from customers for March. (Round answers to 0 decimal places, e.g. 2,500.) CHEYENNE COMPANY Expected Collections from Customers March Total collections e Textbook and Media X Your answer is incorrect. Prepare a schedule of expected payments for direct materials for March. (Round answers to decimal places, e.g. 2,500.) CHEYENNE COMPANY Expected Payments for Direct Materials March Total payments e Textbook and Media