The following data pertains to Jacques Inc., a retailer of athletic memorabilia:

				October	November	December
				Actual	Budgeted	Budgeted
Cash sales			$80,000	$ 100,000	$ 60,000
Credit sales			240,000	360,000	180,000
Total sales			320,000	460,000	240,000

The company has a gross profit % of 40%.

Management estimates that 5% of credit sales will be uncollectible. Of the credit sales that will be collected, 60% are collected in the month of sale and the remainder in the month following sale.

Purchases of inventory are expected to be 100% of the following month's projected total cost of sales. All purchases are on account and 25% are paid in the month of purchase and are subject to a 1% purchase discount. The balance is paid in the month following purchase.

SHOW CALCULATIONS

1. Calculate the cash collections for November.
2. Calculate the cash disbursements for purchases for November.
3. Calculate the ending balance in accounts receivable at November 30.