Assignment
Paddu Company's budgeted sales and direct materials purchases follow. January was the ?rst month of opemtions. Budgeted Sales: Januaryr $137,000: February $186,000: Mardi $254,000 Budgeted Direct Materials Purchases: January $42,200; February $32,300; March $42,300 Paddu's sales are 30% cash and 70% crenit. It oolects crenit sales 45% i1 lhe mon?l of sale, 55% i1 lhe month folow'ng lhe sale. Paddu's purchases are 35% cash and 65% on account. It pays purchases on account 50% in the month of purchase, and 50% in the month following purchase. Prepare a schedule of expected collections for January, February, and March. {Round answers to 0 decimalI |places, e.g. 5,275.) Paddu Company
Expected Collections Coleclions: Cash sales $l $ $
Colections oi crec? sales: January sales I February sales I M a rch sales Total ooleclions $l $ $