Nova Brief Exercise 1: Jent Company reported the following information for 2013: October November December Budgeted sales $340,000 $360,000 Budgeted purchases $120,000 $128,000 $144,000 All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month. $320,000 Instructions Compute the amount of cash Jent will receive during November. Brief Exercise 2: Sable, Inc. has budgeted direct materials purchases of $400,000 in March and $500,000 in April. Past experience indicates that the company pays for 60% of its purchases in the month of purchase and the remaining 40% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted: Wages expense $120,000 Purchase of office equipment 200,000 Selling and administrative expenses 126,000 Depreciation expense 18,000 Instructions Compute the amount of budgeted cash disbursements for April