A company's data regarding its operations follow: 1. Sales budget: November $360,000 2. Collection schedule: Month of sale Next month Uncollectible December $375,000 70% 28% 2% January $450,000 3. The cost of goods sold is 50% of sales. 4. Other monthly expenses to be paid in cash are $64,000. 5. Monthly depreciation is $15,000. 6.60% of the purchase is paid for in the month of purchase, the remainder is paid in the following ma 7. The company declared a special dividend of $10,000 on November 5 to be paid on November 30.

Budgeted net income for november would be:

A company's data regarding its operations follow: 3. The cost of goods sold is 50% of sales. 4. Other monthly expenses to be paid in cash are $64,000. 5. Monthly depreciation is $15,000. 6. 60% of the purchase is paid for in the month of purchase, the remainder is paid in the following mc 7. The company declared a special dividend of $10,000 on November 5 to be paid on November 30 . A company's data regarding its operations follow: 3. The cost of goods sold is 50% of sales. 4. Other monthly expenses to be paid in cash are $64,000. 5. Monthly depreciation is $15,000. 6. 60% of the purchase is paid for in the month of purchase, the remainder is paid in the following mc 7. The company declared a special dividend of $10,000 on November 5 to be paid on November 30