Ch$10$ Homework $($i$)$

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Information pertaining to Noskey Corporation's sales revenue follows:

$\backslash$table$[[,,$Noventer $2$exi,December $2$exi,Janwary $20$x$?],[$Cash sales,,$145,($Budgeted$),($Budeeted$)],[$Credit sales,,$145,000318,000,$$ $139,000,$$ $86,000],[$Total sales,,$ $463,000,$$ $590,000,$$ $312,000]]$

Management estimates $5\%$ of credit sales to be uncollectible. Or 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.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Budgeted total cash payments in December $201$ for inventory purchases.

Mc

Griw

Hill

$$

$20$ of $20$

Nextework

$$

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Save Ch$10$ Homework $($i$)$

Help

Save $8$ Exit

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$20$

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eBook

Information pertaining to Noskey Corporation's sales revenue follows:

$\backslash$table$[[,,$Noventer $2$exi,December $2$exi,Janwary $20$x$?],[$Cash sales,,$145,($Budgeted$),($Budeeted$)],[$Credit sales,,$145,000318,000,$$ $139,000,$$ $86,000],[$Total sales,,$ $463,000,$$ $590,000,$$ $312,000]]$

Management estimates $5\%$ of credit sales to be uncollectible. Or 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.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Budgeted total cash payments in December $201$ for inventory purchases.

Mc

Griw

Hill

$$

$20$ of $20$

Nextework

$$

Help

Save Ch$10$ Homework $($i$)$

Help

Save $8$ Exit

Submit

$20$

$0\mathrm{.}5$

points

eBook

Information pertaining to Noskey Corporation's sales revenue follows:

$\backslash$table$[[,,$Noventer $2$exi,December $2$exi,Janwary $20$x$?],[$Cash sales,,$145,($Budgeted$),($Budeeted$)],[$Credit sales,,$145,000318,000,$$ $139,000,$$ $86,000],[$Total sales,,$ $463,000,$$ $590,000,$$ $312,000]]$

Management estimates $5\%$ of credit sales to be uncollectible. Or 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.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Budgeted total cash payments in December $201$ for inventory purchases.

Mc

Griw

Hill

$$

$20$ of $20$

Nextework

$$

Help

Save Ch$10$ Homework $($i$)$

Help

Save $8$ Exit

Submit

$20$

$0\mathrm{.}5$

points

eBook

Information pertaining to Noskey Corporation's sales revenue follows:

$\backslash$table$[[,,$Noventer $2$exi,December $2$exi,Janwary $20$x$?],[$Cash sales,,$145,($Budgeted$),($Budeeted$)],[$Credit sales,,$145,000318,000,$$ $139,000,$$ $86,000],[$Total sales,,$ $463,000,$$ $590,000,$$ $312,000]]$

Management estimates $5\%$ of credit sales to be uncollectible. Or 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.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Budgeted total cash payments in December $201$ for inventory purchases.

Mc

Griw

Hill

$$

$20$ of $20$

Nextework

$$

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