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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budceter at $310,000 for November, $290,000
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budceter at $310,000 for November, $290,000 for December, and $280,000 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 65% of sales. - The company would like to maintain ending merchandise inventories equal to 55% 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 $23,700. - Monthly depreciation is $14700. - Ignore taxes. The diflerence between cash receipts and cash disbursements for December would be: The difference between cash receipts and cash disbursements for December would be. Muinple Choice $79950 $122100 $50963 $44.625
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