Hagen company's budgeted sales and direct materials purchases are as follows. budgeted salesbudgeted d. m. purchasesjanuary$300,000$60,000febr uary330,00070,000march350,00080,000 hagen's sales are 40% cash and 60% 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. hagen's purchases are 50% cash and 50% on account. purchases on accountare paid 40% in the month of purchase, and 60% in the month following purchase. instructions(a)prepare a schedule of expected collections from customers for march.(b)prepare a schedule of expected payments for direct materials for march

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.