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Please help me with this question. Thank you!!! Timpco, a retailer. makes both cash and credit sales {i.e.. sales on open account}. Information regarding budgeted

Please help me with this question. Thank you!!!

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Timpco, a retailer. makes both cash and credit sales {i.e.. sales on open account}. Information regarding budgeted sales for the East quarter ofthe year is as follows: {Ember \"ave-hr {batsmen Cash sales $ 75,330 $ 6?,333 $ 81,303 Credit sales 75,303 83,438 89,138 Total $ 15B,Bm $ 14?, 400 $ 178, 1% Past experience shows that 5% of credit sales are uncollectible. Of the credit sales that are collectible, 60% are collected in the month of sale; the remaining 40% are collected in the month following the month of sale. Customers are granted a 1.5% discount for payment within 10 days of billing. Approximately 75% of collectible credit sales take advantage of the cash discount Inventory purchases each month are 100% of the cost of the following month's projected sales. {T he gross prot rate for Timpco is approximately 30%.] All merchandise purchases are made on credit, with 20% paid in the month of purchase and the remainder paid in the following month. No cash discounts for early payment are in effect. Required: 1. Calculate the budgeted total cash receipts for November and December. {Round your intermediate calculations and final answers to the nearest whole dollar'arnountJ 2. Calculate budgeted cash disbursements for November and December {budgeted total sales for January of the coming year equals $169,000]. . Total cash receipts 2. Budgeted cash disbursements

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