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nformation pertaining to Noskey Corporation$$s sales revenue follows: November $20$X$1($Actual$)$ December $20$X$1($Budgeted$)$ January $20$X$2($Budgeted$)$ Cash sales $ $140,000$ $ $136,000$ $ $84,000$ Credit sales $312,000444,000228,000$ Total sales $ $452,000$ $ $580,000$ $ $312,000$ Management estimates $5\%$ of credit sales to be uncollectible. Of collectible credit sales, $60\%$ is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include $70\%$ of the next month$$s projected total sales $($stated at cost$)$ plus $30\%$ of projected sales for the current month $($stated at cost$).$ All inventory purchases are on account; $25\%$ is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately $60\%$ of the selling price. Budgeted total cash payments in December $20$X$1$ for inventory purchases. Budgeted cash collections in December $20$X$1$ from November $20$X$1$ credit sales. Budgeted cash collections in December $20$X$1$ from November $20$X$1$ credit sales. $ Budgeted total cash receipts in January $20$X$2.$ NOSKEY CORPORATION Budgeted Total Cash Receipts January $20$X$2$ Cash sales in January Collections from credit sales in January: Total collectible from credit sales Percentage to be collected in January $\%0$ Collections from credit sales in December: Total collectible from credit sales Percentage to be collected in January $\%0$ Budgeted total cash receipts in January $0$ NOSKEY CORPORATION Budgeted Total Cash Payments December $20$X$1$ Total inventory purchases in November: For November sales: For December sales: $ $0$ Percentage of November purchases to be paid in December $\%$ Payment in December for purchases in November $ $0$ Budgeted purchases in December: For December sales: For January sales: $ $0$ Percentage of December purchases to be paid in December $\%$ Payment in December for purchases in December $0$ Budgeted cash payment in December for inventory purchases $ Information pertaining to Noskey Corporation's sales revenue follows:

Management estimates $\backslash (5\backslash \%\backslash )$ of credit sales to be uncollectible. Of collectible credit sales, $\backslash (60\backslash \%\backslash )$ is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include $70\backslash \%$ of the next month's projected total sales $($stated at cost$)$ plus $30\backslash \%$ of projected sales for the current month $($stated at cost$).$ All inventory purchases are on account; $\backslash (25\backslash \%\backslash )$ is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately $\backslash (60\backslash \%\backslash )$ of the selling price.

Budgeted total cash payments in December $20$X$1$ for inventory purchases.

Budgeted cash collections in December $20$X$1$ from November $20$X$1$ credit sales.

Budgeted cash collections in

December $20$X$1$ from November $20$X$1$

credit sales. Budgeted total cash receipts in January $20$X$2.$

$\backslash$begin$\{$tabular$\}\{$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$ NOSKEY CORPORATION $\}\backslash \backslash$

$\backslash$hline Judgeted Total Cash Receipts $\backslash \backslash$

$\backslash$hline Cash sales in January & & & $\backslash \backslash$

$\backslash$hline Collections from credit sales in January: & & & $\backslash \backslash$

$\backslash$hline Total collectible from credit sales & & $\backslash (\backslash \%\backslash )$ & $\backslash \backslash$

$\backslash$hline Percentage to be collected in January & & & $\backslash \backslash$

$\backslash$hline Collections from credit sales in December: & & $\backslash (\backslash \%\backslash )$ & $\backslash \backslash$

$\backslash$hline Total collectible from credit sales & & & $0\backslash \backslash$

$\backslash$hline Percentage to be collected in January & & & $\backslash \backslash$

$\backslash$hline Budgeted total cash receipts in January & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$NOSKEY CORPORATION$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Budgeted Total Cash Payments$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$December $20$X$1\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Total inventory purchases in November:$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$For November sales:$\}\backslash \backslash$

$\backslash$hline For December sales: & $\backslash [$

$\backslash$begin$\{$array$\}\{$l$\}$

$\backslash$$ $\backslash \backslash$

$0$

$\backslash$end$\{$array$\}$

$\backslash ]$ & $\backslash \backslash$

$\backslash$hline Percentage of November purchases to be paid in December & & $\backslash (\backslash \%\backslash )\backslash \backslash$

$\backslash$hline Payment in December for purchases in November & $\backslash [$

$\backslash$begin$\{$array$\}\{$l$\}$

$\backslash$$ $\backslash \backslash$

$0$

$\backslash$end$\{$array$\}$

$\backslash ]$ & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Budgeted purchases in December:$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$For December sales:$\}\backslash \backslash$

$\backslash$hline For January sales: & $\backslash [$

$\backslash$begin$\{$array$\}\{$l$\}$

$\backslash$$ $\backslash \backslash$

$0$

$\backslash$end$\{$array$\}$

$\backslash ]$ & $\backslash \backslash$

$\backslash$hline Percentage of December purchases to be paid in December & & $\backslash (\backslash \%\backslash )\backslash \backslash$

$\backslash$hline Payment in December for purchases in December & $0$ & $\backslash \backslash$

$\backslash$hline Budgeted cash payment in December for inventory purchases & $\backslash [$

$\backslash$begin$\{$array$\}\{$l$\}$

$\backslash$$ $\backslash \backslash$

$0$

$\backslash$end$\{$array$\}$

$\backslash ]$ & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

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