Solution-How do prepare a schedule of expected solutions

How do prepare a schedule of expected solutions

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Reference no: EM132585969

Paddu Company's budgeted sales and direct materials purchases follow. January was the first month of operations.

Budgeted sales:

January $139,000; February $188,600; March $251,200

Budgeted direct materials purchases:

January $40,300; February $35,300; March $40,200

Paddu's sales are 35% cash and 65% credit. It collects credit sales 40% in the month of sale, 60% in the month following the sale. Paddu's purchases are 40% cash and 60% on account. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase.

Question 1: how do prepare a schedule of expected solutions

Reference no: EM132585969

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How do prepare a schedule of expected solutions

Reference no: EM132585969

Reference no: EM132585969

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