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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budgeted at $320,000 for November, $300,000
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budgeted at $320,000 for November, $300,000 for December, and $290,000 for January. - Collections are expected to be 55% in the month of sale and 45% in the month following the sale. - The cost of goods sold is 70% of sales. - Other monthly expenses to be paid in cash are $23,800. - Monthly depreciation is $14,800. - Ignore taxes. The difference between cash receipts and cash disbursements for December would be: Multiple Choice $71,000 $53,250 $40,100 $112,600
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