Information pertaining to Noskey Corporations sales revenue follows:

	November 2015 (actual)	December 2015 (actual)	January 2016 (actual)
Cash Sales	$80,000	$100,000	$60,000
Credit Sales	$240,000	$360,000	$180,000
Total Sales	$320,000	$460,000	$240,000

Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next months projected total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on account; 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling price.

Determine for Noskey and explain the math:

1. Budgeted cash collections in December 2015 from November 2015 credit sales.

2. Budgeted total cash receipts in January 2016.

3. Budgeted total cash payments in December 2015 for inventory purchases.