Dream Big Pillow Co. pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018: Nov. 2017 Dec. 2017 Jan. 2018 Feb. 2018 Mar. 2018 $60,000 $50,000 $35,000 $40,000 $45,000 PLEASE NOTE: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" - no quotation marks. Using the information above, complete the following cash payments schedule for the mont

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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6. Dream Big Pillow Co. pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018:

Nov. 2017             Dec. 2017              Jan. 2018                  Feb. 2018                    Mar. 2018

$60,000                 $50,000                 $35,000                        $40,000                     $45,000

PLEASE NOTE: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed, please use "$0" - no quotation marks.

Using the information above, complete the following cash payments schedule for the monthly budgeted payments and total for Quarter 1:

Dream Big Pillow Co.
Cash Payments Schedule
For the First Quarter of 2018
 
January
February
March
November 2017
? ? ?
December 2017
? ? ?
January 2018
? ? ?
February 2018
? ? ?
March 2018
? ? ?
Total Cash Payments for the First Quarter of 2018
?
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