- what are the total cash sales for the january - march quarter?

- what is the accounts receivable balance at the end of march?

- what is the direct naterials inventory balance at the end of march?

- what are the mayerials purchases costs for february?

- what are the cash patments on account for february?

- what is the ending balance in accounts payable for march?

- what is the cash balance for the period january - march?

The controller of Novak Company estimates sales and production for the first four months of 2022 as follows: Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale, 40% of credit sales are collected. It takes 4kg of direct materials to produce a finished unit, and direct materials cost $5 per kg. All direct materials purchases are on account, and are paid as follows: 40% in the month of the purchase and 60% the following month. Ending direct materials inventory for each month is 40% of the next month's production needs January's beginning materials inventory is 990kg. Suppose that both accounts receivable and accounts payable are zero at the beginning of January