Bramble Corporation is a small wholesaler of gourmet food products Data regarding the store's operations follow Sales are budgeted at $220,000 for November, $200,000 for December, and $190,000 for January Collections are expected to be 45 in the month of sale and 55 in the month following the sale The cost of goods sold is 60 of sales The company would like maintain ending merchandise inventories equal to 50 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 $22,800 Monthly depreciation is $13,800 Ignore taxes Balance Sheet October 31 Assets Cash$22,400Accounts receivable72,400Merchandise inventory66,000Property, plant and equipment, net of $574,400 accumulated depreciation1,096,400Total assets$1,257,200 Liabilities and Stockholders' Equity Accounts payable$256,400Common stock822,400Retained earnings178,400Total liabilities and stockholders' equity$1,257,200 The difference between cash receipts and cash disbursements for December would be

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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 $220,000 for November, $200,000 for

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

Sales are budgeted at $220,000 for November, $200,000 for December, and $190,000 for January.
Collections are expected to be 45% in the month of sale and 55% in the month following the sale.
The cost of goods sold is 60% of sales.
The company would like maintain ending merchandise inventories equal to 50% 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 $22,800.
Monthly depreciation is $13,800.
Ignore taxes.

Balance Sheet

October 31AssetsCash$22,400Accounts receivable72,400Merchandise inventory66,000Property, plant and equipment, net of $574,400 accumulated depreciation1,096,400Total assets$1,257,200Liabilities and Stockholders' EquityAccounts payable$256,400Common stock822,400Retained earnings178,400Total liabilities and stockholders' equity$1,257,200

The difference between cash receipts and cash disbursements for December would be: