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16 AKMBDM849 Corporation's operational data are below: Sales are budgeted at $250,000 for November, $384,000 for December, and $210,000 for January. All sales are credit
16 AKMBDM849 Corporation's operational data are below: Sales are budgeted at $250,000 for November, $384,000 for December, and $210,000 for January. All sales are credit sales. - Collections are expected to be 80% in the month of sale, 19% in the month following the sale, and 1% uncollectible. - The cost of goods sold is 65% of sales. (D#325745) - The AKMBDMB49 company desires to have an ending merchandise Inventory at the end of each month equal to 60% 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 $20.300 - Monthly depreciation is $20,000 - Ignore taxes 3 01:53:18 Q: December cash disbursements for AKMBDM8495 merchandise purchases would be AS
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