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The Carlquist Company makes and sells a product called Product K. Each unit of Product K sells for $36 and has a unit variable cost of $22. The company has budgeted the following data for November:

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Sales of $2,016,000, all in cash. A cash balance on November 1 of $52,000. Cash disbursements (other than interest) during November of $2,023,400. A minimum cash balance on November 30 of $60,000. If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of $1,000 and will bear interest at 1% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during November. The amount of cash needed to be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30 cash balance is: $16, 000 $15,000 $8,000 $16,160 Delta x Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $230,000 for November, $210,000 for December, and S220.000 for January. Collections are expected to be 60% in the month of sale. 35% in the month following the sale, and 5% uncollectible. The cost of goods sold is 60% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 50% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $23,000. Monthly depreciation is $14,000. Ignore taxes. December cash disbursements for merchandise purchases would be: $218,000 $126,000 $66,000 $132,000