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The Tin Bucket Company projects the following direct materials purchases:
Purchases on Account
Cash Purchases
December 2011
$30,000
$20,000
January 2012
50,000
30,000
February 2012
60,000
20,000
March 2012
The company pays for the cash purchases when they are made. The company pays for 70% of purchases on account in the month that the purchases are made and 30% in the next month. Prepare a schedule of expected cash payments (cash budget) for the first quarter of 2012.
What is the value to the company and the supplier in developing and implementing a Supplier Relationship Management (SMS) System? How can such a system provide greater efficiency? Describe the value to the organization.
The objective of this assignment is to measure your progress in mastering the following course competencies:
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