Question 6 of 7 Ivanhoe Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales (a) $172,000 189,200 215,000 Budgeted D.M. Purchases $25,800 30,900 32,800 Ivanhoe's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month fo 36% in the second month following sale; 4% are uncollectible. Ivanhoe's purchases are 50% cash and 50% on account account are paid 40% in the month of purchase, and 60% in the month following purchase. Prepare a schedule of expected collections from customers for March. IVANHOE COMPANY Expected Collections from Customers $ March

Ivanhoe Company's budgeted sales and direct materials purchases are as follows. Ivanhoe's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month 36% in the second month following sale; 4% are uncollectible. Ivanhoe's purchases are 50% cash and 50% on accoun 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