View Policies Show Attempt History Current Attempt in Progress Concord Company's budgeted sales and direct materials (DM) purchases are as follows. Concord's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50 . in the month foilowing sale, and 36% in the second month following sale; 4% are uncollectible. Concord's purchases are 50% cash and 500 sis on account. Purchases on account are paid 40% in the month of the purchase and 60% in the month following the purchase. Prepare a schedule of budgeted cash receipts from customers for March. Prepare a schedule of budgeted cash disbursements for direct materials for March