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Sandhill Company's budgeted sales and direct materials purchases are as follows. Sandhill's sales are...

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Accounting

Sandhill Company's budgeted sales and direct materials purchases are as follows.
Sandhill's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month
following sale, and 36% in the second month following sale; 4% are uncollectible. Sandhill's purchases are 50% cash and
50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following
purchase.
(a)
Prepare a schedule of expected collections from customers for March.
SANDHILL COMPANY
Expected Collections from Customers
March
March cash sales
$
Collection of January credit sales
Collection of February credit sales
Collection of March credit sales
Total collections
$
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