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ework Serd Timpco, a retailer, makes both cash and credit sales (.e.. sales on open account). Information regarding budgeted sales for the last quarter of

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ework Serd Timpco, a retailer, makes both cash and credit sales (.e.. sales on open account). Information regarding budgeted sales for the last quarter of the year is as follows: cash sales Credit Sales Yotal October $ 80, ago 80,000 $ 160,000 November $ 21,000 BS, 200 $ 156, zee December $ 89,900 91,300 $ 124,300 Past experience shows that 5% of credit sales are uncollectible of the credit sales that are collectible. 60% are collected in the month of sale the remaining 40% are collected in the month following the month of sale. Customers are granted a 1,5% discount for payment within 10 days of biling. Approximately 75% of collectible credit sales take advantage of the cash discount Inventory purchases each month are 100% of the cost of the following month's projected sales. (The gross profit rate for Timpco is aparimately 30 Al merchandise purchases are made on sred with 20% paid in the month of purchase and the remainder paid in the following month. No cash discounts for early payment are in effect Required: cadutate the budgeted total cash receipts for Novemberano December (Round your Intermediate calculations and final answers to the nearest whole dollar amount.) Ce culate budgeted cash disbursements for November and December (budgeted total sales for January of the coming year equals 12000 November December Talo Bundledtement

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