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    stelz's Avatar
    stelz Posts: 1, Reputation: 1
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    #1

    Nov 16, 2013, 05:24 PM
    Expected cash collection
    Paddu Company’s budgeted sales and direct materials purchases follow. January was the first month of operations.

    Budgeted Sales:
    January $139,000; February $191,000; March $253,000
    Budgeted Direct Materials Purchases:
    January $41,300; February $34,800; March $43,600
    Paddu’s sales are 50% cash and 50% credit. It collects credit sales 50% in the month of sale, 50% in the month following the sale.
    Paddu’s purchases are 40% cash and 60% on account. It pays purchases on account 40% in the month of purchase, and 60% in the month following purchase.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Nov 16, 2013, 06:56 PM
    You copied well but only made a statement. BTW we don't do your homework.
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