STY Current Attempt in Progress Sunland Company's budgeted sales and direct materials purchases are as follows: Budgeted Sales Budgeted D.M. Purchases April $276,000 $42.000 May 327,000 52.000 June 357.000 65,000 Sunland's sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, Sox in the month following sale, and 26% in the second month following sale: 4% are uncollectible. Sunland's purchases are 50% cash and 50% on account Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase (a) Your Answer Correct Answer Your answer is correct Your answer is correct Prepare a schedule of expected collections from customers for April May, and June Sunland Company Schedule of Expected Collections from Customers April May Sales June 276000 143520 B2800 5 4305 327000 170010 15 357000 43520 250 3M e Textbook and Media Attempts 2 of 2 used Your answer is correct Prepare a schedule of expected payments for direct materials for June Sunland Company Schedule of Expected Payment for Direct Materials April May Purchases June 42000 $ 21000 5400 52000 20000 20 65000 14600 5 21000 sor e Textbook and Media Attempt 2 of 2 used c) Sunland's assistant controller sugested that Sunland hire a part time collector to encourage customers to pay more promotland to reduce the amount of uncollectible accounts. Sales are still 40% cash and 60% credit but the assistant controller predicted that this would cause credit sales to be collected 30% in the month of the sale, 50% in the month following sale, and 18% in the second month following sale: 2% are uncollectible. Prepare a schedule of expected collections from customers for June. How did these changes impact canh.collection Sunland Company Schedule of Expected Collections from Customers April May Sales Jun April $ May June Total Collections Would it be worth paying the collector $1.000 per month May June Total Collections Would it be worth paying the collector $1.000 per month? It worth paying the collector $1.000 per month to improve the con collections of the company eTextbook and Media Save for Later Attempts: 0 of 2 used Moner (d) The parts of this question must be completed in order. This part will be wailable when you complete the part above