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Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $330,000 for November, $350,000 for

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Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $330,000 for November, $350,000 for December, and $340,000 for January . Collections are expected to be 50% in the month of sale, 47% in the month following the sale, and 3% uncollectible. The cost of goods sold is 75% of sales. The company would like to maintain ending merchandise inventories equal to 65% 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 $23,000. Monthly depreciation is $20,900. . Ignore taxes. Expected cash collections in December are: Multiple Choice $330,100 $175,000 MacBook 80 FB # $ % A & Multiple Choice $330,100 O $175,000 $350,000 $155,100 MacBook 80 OOD F4 F

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