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Correy Inc. reported the following information for 2016: October November December Budgeted sales $460,000 $440,000 $540,000 Budgeted purchases $240,000 $256,000 $288,000 All sales are on

Correy Inc. reported the following information for 2016:

October November December

Budgeted sales $460,000 $440,000 $540,000

Budgeted purchases $240,000 $256,000 $288,000

All sales are on credit.

Customer amounts on account are collected 50% in the month of sale and 50% in the following month.

Cost of goods sold is 35% of sales.

Correy purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month.

Accounts payable is used only for inventory acquisitions.

How much cash will correy disburse during november?

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