Use the following to answer questions $66-67$:

Information pertaining to Yekstop Corp.$\text{'}$s sales revenue is presented below.

Management estimated that four percent of credit sales would be uncollectible. Of the collectible credit

sales, sixty$-$five percent would be collected in the month of sale and the remainder in the month following

the sale.

Total budgeted cash collections in December are:

A$)$ $$556,512.$

B$)$ $$375,216.$

C$)$ $$421,728.$

D$)$ $$464,006.$

E$)$ $$502,568.$

Answer: E$,$ LO$4,$ Difficulty: Easy; AACSB: Analytic

Total budgeted cash collections in January are:

A$)$ $$556,512.$

B$)$ $$375,216.$

C$)$ $$421,728.$

D$)$ $$464,006.$

E$)$ $$502,568.$

Answer: B$,$ LO$4,$ Difficulty: Easy; AACSB: Analytic