Timpco, a retailer, makes both cash and credit sales ..............

Timpco. a retailer, makes both cash and credit sales {i.e., sales on open account). Information regarding budgeted sales for the last quarter of the year is as follows: October Navelber' Decenher' Cash sales $ 155,869 $ 127,866 $ 111,863 Credit sales 155,869 152,460 122,163 Total $ 318J 869 $ 279,466 $ 233, 169 Past experience shows that 5% of credit sales are uncollectible. Ofthe 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 nal answers to the nearest whole dollar amount.} 2. Calculate budgeted cash disbursements for November and December {budgeted total sales for January of the coming year equals $214,000}. . Tomlcashmceims