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D-$93,600 Dilbert Farm Supply is located in a small town in the rural operations follow: west. Data regarding the store's o Sales are budgeted at

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D-$93,600 Dilbert Farm Supply is located in a small town in the rural operations follow: west. Data regarding the store's o Sales are budgeted at $260,000 for November, $230,000 for December, and $210,000 for anuary. Collections are expected to be 80% in the month of sale 19 n the month following the sale. and 1% uncollectible. o The cost of goods sold is 65% of sales. o The company desires to have an ending merchandise inventory at the end of each month equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. o Other monthly expenses to be paid in cash are $20.300. o Monthly depreciation is $20,000. o Ignore taxes

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