Required Information Learning Objective 07-P2: Prepare a cash budget for a manufacturing company. The cash budget shows expected cash receipts and cash payments during a budgeting period. This budget helps management manage cash flows. Cash Payments for Direct Materials TORONTO STICKS COMPANY October-Deamber October November December 1831 3175 Male 20 Tock of direct meterias purchases TORONTO STICKS COMPANY Schedule of Cash Payments for Direct Materials October November December $10.24 $11.AR 200 Current month purchases (0% (LPN) 2.060 1400 Knowledge Check 01 IP Company pays for purchases of materials in full in the month following the purchase. During the previous month, IP had purchases of $25,000. During the current month, IP had purchases of $30,000 The amount that IP will pay during the current month for purchases is