Information pertaining to Yekstop Corp.'s sales revenue is presented below.
Management estimates that four percent of credit sales are eventually uncollectible.Of the collectible credit sales,sixty-five percent are likely to be collected in the month of sale and the remainder in the month following the sale.The company desires to begin each month with an inventory equal to seventy-five percent of the sales projected for the month.All purchases of inventory are on open account;thirty percent will be paid in the month of purchase,and the remainder paid in the month following the month of purchase.The purchase costs are approximately sixty percent of the selling prices.
Budgeted cash payments in December for November inventory purchases are:

Question

Information pertaining to Yekstop Corp.'s sales revenue is presented below. 
Management estimates that four percent of credit sales are eventually uncollectible.Of the collectible credit sales,sixty-five percent are likely to be collected in the month of sale and the remainder in the month following the sale.The company desires to begin each month with an inventory equal to seventy-five percent of the sales projected for the month.All purchases of inventory are on open account;thirty percent will be paid in the month of purchase,and the remainder paid in the month following the month of purchase.The purchase costs are approximately sixty percent of the selling prices.
Budgeted cash payments in December for November inventory purchases are:

Quizplus · Accepted Answer

The Answer of Information pertaining to Yekstop Corp.'s sales revenue is presented below. 
Management estimates that four percent of credit sales are eventually uncollectible.Of the collectible credit sales,sixty-five percent are likely to be collected in the month of sale and the remainder in the month following the sale.The company desires to begin each month with an inventory equal to seventy-five percent of the sales projected for the month.All purchases of inventory are on open account;thirty percent will be paid in the month of purchase,and the remainder paid in the month following the month of purchase.The purchase costs are approximately sixty percent of the selling prices.
Budgeted cash payments in December for November inventory purchases are:

Information Pertaining to Yekstop Corp