Exercise $10-26($Algo$)$ Budgeted Cash Receipts and Cash Disbursements $[$LO $10-4]$

Timpco, a retailer, makes both cash and credit sales $($ie$.,$ sales on open account$).$ Information regarding budgeted sales for the last quarter of the year is as follows:

$\backslash$table$[[,$October,November,December$],[$Cash sales,$ $155,000,$$ $127,800,$S $111,000],[$Credit sales,$155,000,152,480,122,100],[$Total$,$$$310,000,$$ $279,400,$S $233,100]]$

Past experience shows that $5\%$ of credit sales are uncollectible. Of the 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 $1\mathrm{.}5\%$ 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. $($The gross profit 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 available.

Required:

Calculate the budgeted total cash receipts for November and December. $($Round your final answers to the nearest whole dollar amount.$)$

Calculate budgeted cash disbursements for November and December $($budgeted total sales for January of the coming year equals $$214,000).$

$\backslash$table$[[1.,$Total cash receipts,November,December,$],[2.,$Budgeted cash disbursements,,,$]]$