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View Policies Current Attempt in Progress Pina Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales $278,100 307,100 283,600
View Policies Current Attempt in Progress Pina Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales $278,100 307,100 283,600 Budgeted D.M. Purchases $39,600 42.900 42.000 Pina'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. Pina'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. Prepare a schedule of expected collections from customers for March. (Round answers to 0 decimal places, eg. 2.500.) PINA COMPANY Expected Collections from Customers March ina's sales are 3096 cash and 709 credit. Credit sales are collected 10% in the month of sale, 50% in the month follow 5% in the second month following sale: 4% are uncollectible. Pina's purchases are 50% cash and 50% on account. Pur ccount 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. (Round answers to o decimal places, eg. 2,500. PINA COMPANY Expected Collections from Customers March V $ Total collections $ e Textbook and Media e Textbook and Media Prepare a schedule of expected payments for direct materials for March. (Round answers to decimal places, e.g. 2,500.) PINA COMPANY Expected Payments for Direct Materials March $ Total payments S e Textbook and Media
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