Noskey Corporation is a merchandising firm. Information pertaining to the company's sales revenue is
presented in the following table.
June July August
(Actual) (Budget) (Budget)
Cash sales .............. $ 80,000 $100,000 $ 60,000
Credit sales ............ 240,000 360,000 180,000
Total sales ............. $320,000 $460,000 $240,000





Management estimates that 5% of credit sales are uncollectible. Of the credit sales that are collectible,60% are collected in the month of sale and the remainder in the month following the sale. Purchases of inventory are equal to next month's cost of goods sold. The cost of goods sold is 30% of the selling price. All purchases of inventory are on account; 25% are paid in the month of purchase, and the remainder is paid in the month following the purchase.


36. Noskey Corporation's budgeted cash collections in July from June credit sales are:



37. Noskey Corporation's budgeted total cash receipts in August are:


38. Noskey Corporation's budgeted total cash payments in July for inventory purchases are: