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) 42 500 ) 41.200 c) 43,400 d) 40,200 Dilly Fm Supply is located in a small town in the rural west Data regarding the
) 42 500 ) 41.200 c) 43,400 d) 40,200 Dilly Fm Supply is located in a small town in the rural west Data regarding the stores opecations follown - Ssins are budgeted at $305,000 for Novembec, $325,000 for December, ond $225,000 for January - Collections are expected to be 65% in the month of zale and 35% in the monthi following the sale. - The company desires to have an ending merchandise invemtory at the end of each month equat to 70 s. of the neat months cost of goods sold Payment for - The cobt of goodis sold is boti of soles. merchandise is made in the manth following the purchnse. - Other monthy expenses to be paid in cash are $19,400 - Monthly depreciation is \$28,500 - lgnore tares The difference befweon cash receipts and cash distuispments for December would be
) 42 500
) 41.200
c) 43,400
d) 40,200
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