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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 $430,000 for November, $410,000 for

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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 $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 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

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