answer below

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow, Sales are budgeted at $430,000 for November, $410,000 for December, and $400.000 for January Collections are expected to be 60% in the month of sale and 40% in the month following the sale The cost of goods sold is 85% of sales. The company would like to maintain ending merchandise inventories equal to 75% 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 $24.900. Monthly depreciation is $15.900 Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $572,900 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 20,900 70,900 274, 125 1,094,900 $ 1,460,825 $ 254,900 820,900 385,025 $ 1,460,825 December cash disbursements for merchandise purchases would be December cash disbursements for merchandise purchases would be: Multiple Choice $342,125 $352,750 $348,500 $255,000