Direct Materials Purchases Budget
Marshall Inc. budgeted production of personal journals in Y Paper is required to produce a journal. Assume square yards of paper are required for each
journal. The estimated January Y paper inventory is square yards. The desired December Y paper inventory is square yards.
If paper costs $ per square yard, determine the direct materials purchases budget for If required, round your final answer to the nearest dollar.
$Schedule of Cash Collections of Accounts Receivable
Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, pay their accounts in the month of sale, while the remaining pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:
October $
November
December
The Accounts Receivable balance on September was $
Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar.
