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And this one please The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information: Sales at $562,000, all

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And this one please
The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information: Sales at $562,000, all for cash. Merchandise inventory on October 31 was $242,000. The cash balance November 1 was $20, 600. Selling and administrative expenses are budgeted at $68,000 for November and are paid for in cash. Budgeted depreciation for November 30 is $278, 700. The planned merchandise inventory on November 30 is $278, 700. The cost of goods sold is 80% of the selling price. All purchases are paid for in cash. There is no interest expense or income tax expense. The budgeted cash disbursements for November are: $486, 300 $517, 600 $701, 400 $554, 300

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