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Bramble Inc. provided the following information: - Bramble pays for 40% of merchandise purchases in the month of the purchase and 60% in the following
Bramble Inc. provided the following information: - Bramble pays for 40% of merchandise purchases in the month of the purchase and 60% in the following month. - General operating expenses are budgeted to be $33,500 per month of which depreciation is $3,700 of this amount. Bramble pays operating expenses in the month incurred. - Bramble makes loan payments of $6,000 per month of which $600 is interest and the remainder is principal
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