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

Sales are budgeted at $300,000 for November, $280,000 for December, and $270,000 for January.

Collections are expected to be 65% in the month of sale and 35% in the month following the sale.

The cost of goods sold is 70% of sales.

The company would like to maintain ending merchandise inventories equal to 60% 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 $23,600.

Monthly depreciation is $14,600.

Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$ 21,600
Accounts receivable	71,600
Merchandise inventory	126,000
Property, plant and equipment, net of $573,600 accumulated depreciation	1,095,600
Total assets	$ 1,314,800
Liabilities and Stockholders' Equity
Accounts payable	$ 255,600
Common stock	821,600
Retained earnings	237,600
Total liabilities and stockholders' equity	$ 1,314,800

December cash disbursements for merchandise purchases would be:

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

Sales are budgeted at $300,000 for November, $280,000 for December, and $270,000 for January.

Collections are expected to be 65% in the month of sale and 35% in the month following the sale.

The cost of goods sold is 70% of sales.

The company would like to maintain ending merchandise inventories equal to 60% 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 $23,600.

Monthly depreciation is $14,600.

Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$ 21,600
Accounts receivable	71,600
Merchandise inventory	126,000
Property, plant and equipment, net of $573,600 accumulated depreciation	1,095,600
Total assets	$ 1,314,800
Liabilities and Stockholders' Equity
Accounts payable	$ 255,600
Common stock	821,600
Retained earnings	237,600
Total liabilities and stockholders' equity	$ 1,314,800

December cash disbursements for merchandise purchases would be:

$113,400

$196,000

$201,600

$191,800