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Information pertaining to Noskey Corporations sales revenue follows: November 2015 (Actual) December 2015 (Budgeted) January 2016 (Budgeted) Cash sales $ 175,000 $ 157,000 $ 98,000

Information pertaining to Noskey Corporations sales revenue follows:

November 2015 (Actual) December 2015 (Budgeted)

January 2016 (Budgeted)

Cash sales $ 175,000 $ 157,000 $ 98,000
Credit sales 354,000 493,000 256,000
Total sales $ 529,000 $ 650,000 $ 354,000

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.

Required:
Determine for Noskey:
1.

Budgeted cash collections in December 2015 from November 2015 credit sales. (Do not round intermediate calculations.)

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