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Blossom Company, a retailer of camping supplies has budgeted activity for January using the following data: January cash sales $53,000 January credit sales 375,000 Collections
Blossom Company, a retailer of camping supplies has budgeted activity for January using the following data: January cash sales $53,000 January credit sales 375,000 Collections from December credit sales 155,000 Selling and administrative costs (paid in month of purchase) 52,000 Depreciation expense 28,000 Merchandise Inventory, January 1 197,000 Merchandise Inventory, January 31 217,000 Cost of goods sold is 30% of Cooper's selling price All purchases are paid in cash Credit sales are collected 60% in the month of sale, 35% in the following month, and 5% is deemed uncollectible What is Blossom's budgeted cash disbursements for January? Total January disbursements $
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