Direct Materials Purchases Budget Marshall Inc. budgeted production of 51,000 personal journals in 20Y6....

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Direct Materials Purchases Budget
Marshall Inc. budgeted production of 51,000 personal journals in 20Y6. Paper is required to produce a journal. Assume 71 square yards of paper are required for each
journal. The estimated January 1,20 Y6, paper inventory is 145,000 square yards. The desired December 31,20 Y6, paper inventory is 127,000 square yards.
If paper costs $0.08 per square yard, determine the direct materials purchases budget for 20Y6. 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 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:
October $132,000
November 165,000
December 242,000
The Accounts Receivable balance on September 30 was $88,000.
Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar.
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