saved Homework ofter class Help Save & E Information pertaining to Yekstop Corp.'s sales revenue is presented below. Cash sales Credit sales Total sales November December January $ 101,080 $ 130,000 $ 83,000 293,000 455,000 239,000 $ 394,000 585,200 $ 322,000 Management estimates that 4% of credit cales are eventually uncollectible of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 70% of the sales projected for the month All purchases of inventory are on open account: 30% will be paid in the month of purchase, and the remainder pold in the month following the month of purchase. Purchase costs are approximately 50% of the selling prices Total budgeted cash collections in January by Verkstop Corp. are Multiple Choice 1432.060 O $567762 O $475.34 $5.005 Information pertaining to Yekstop Corp.'s sales revenue is presented below: Cash sales Credit sales Total sales November December January $ 96,800 $125,000 $ 78,000 288,888 450,808 234,800 $384,000 $575,000 $312,600 Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account: 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling prices. Total budgeted inventory purchases in November by Yekstop Corp. are: Multiple Choice 5527.250 $489150 $384.000 $316,350 O $258,750