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X NE x com/was assessment-player/timed/assessments/65140771bbd7d541965049271002095053062409879158/question/4 X Current Attempt NIU Company's budgeted sales and direct materials...

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Accounting

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X NE x com/was assessment-player/timed/assessments/65140771bbd7d541965049271002095053062409879158/question/4 X Current Attempt NIU Company's budgeted sales and direct materials purchases are as follows: 46 January February March Budgeted Direct Budgeted Sales Materials Purchases $193,000 $33,000 209.000 33,000 282,000 41.000 NIU's sales are 40% cash and 60% credit. It collects credit sales 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale: 49 uncollectible. NIU's purchases are 50% cash and 50% on account. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase. Prepare a schedule of expected collections from customers for March NIP COMPANY Schedule of Expected Collections from Customers For the Month Ending March 31, 2020 January-credit sales $ February-credit sales March-cash sales March-credit sales $ Total expected collections from customers II O 9 Type here to search

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