1. If there were 20000 pounds of raw materials on hand on January 1 45000 pounds

1. If there were 20000 pounds of raw materials on hand on January 1 45000 pounds are desired for inventory at January 31 and 295000 pounds are required for January production how many pounds of raw materials should be purchased in January?2. XYZ Company expects the following sales and collection pattern for the first four months of the year:MonthCash SalesCredit SalesTotal SalesJanuary$12000$23000$35000February$8000$22000$30000March$9000$25000$34000April$11000$28000$39000 5% of credit sales are collected in the same month 75% of sales are collected in the following month 15% of sales are collected in the second following monthWhat are the projected cash collections for the month of March?