Question
1. Zyda Mon has budgeted its activity for December according to the following information: Sales is at P400,000, all for cash The budgeted depreciation for
1. Zyda Mon has budgeted its activity for December according to the following information:
Sales is at P400,000, all for cash
The budgeted depreciation for December is P10,000
The cash balance on December 1 was P10,000
Selling and administrative expenses are budgeted at P40,000 for December and are paid in cash.
The planned merchandise inventory on December 31 and December 1 is P12,000
The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid for in cash.
How much is the budged cash disbursements for December?
a. P230,000
b. P340,000
c. P350,000
d. P328,000
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