Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $340,000 for November, $360,000 for December, and $350,000 for January. Collections are expected to be 55% in the month of sale, 44% in the month following the sale, and 1% uncollectible. The cost of goods sold is 80% of sales. The company would like to maintain ending merchandise inventories equal to 70% 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 $23,100. Monthly depreciation is $21,000. Ignore taxes.

50. The cost of December merchandise purchases would be: A. $272,000 B. $288,000 C. $196,000 D. $282,400

51. December cash disbursements for merchandise purchases would be:

A. $283,200

B. $196,000

C. $288,000

D. $282,400

52. The difference between cash receipts and cash disbursements in December would be: A. $17,000 B. $24,300 C. $41,300 D. $65,600