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Information pertalning to Noskey Corporation's sales revenue follows: Management estimates 5 % of credit sales to be uncollectible. Of collectible credit sales, 6 0 %

Information pertalning to Noskey Corporation's sales revenue follows:
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 month's 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.
Requlred:
Determine for Noskey:
Budgeted cash collections In December 2021 from November 2021 credit sales.
Budgeted total cash recelpts In January 2022.
Budgeted total cash payments in December 2021 for Inventory purchases.
Complete this question by entering your answers in the tabs below.
Budgeted total cash receipts in January 2022.
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