Information pertaining to Noskey Corporations sales revenue follows:

	November 2018 (Actual)				December 2018 (Budgeted)				January 2019 (Budgeted)
Cash sales	$	120,000			$	124,000			$	76,000
Credit sales		288,000				416,000				212,000
Total sales	$	408,000			$	540,000			$	288,000

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 2018 from November 2018 credit sales.

2. Budgeted total cash receipts in January 2019.

3. Budgeted total cash payments in December 2018 for inventory purchases.

buuyeteu lolal Cash paytrens in December 2010 Torvetuly purchases. (D0 Hol Tourid Theffieuldle Calculatio $ 300,240 X 218,160 X $ NOSKEY CORPORATION Budgeted Total Cash Payments December 2018 Total inventory purchases in November: For November sales: For December sales: Percentage of November purchases to be paid in December Payment in December for purchases in November Budgeted purchases in December: For December sales: For January sales: Percentage of December purchases to be paid in December Payment in December for purchases in December Budgeted cash payment in December for inventory purchases 518,400 70 362,880 % $ $ 416,000 X 76,000 X $ 492,000 0 $ 362,880