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Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follows - Sales are budgeted at $303,000

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Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follows - Sales are budgeted at $303,000 for November, $323,000 for December, and $223,000 for January. - Collections are expected to be 70% in the month of sale and 30% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 80% 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 $22,400. - Monthly deprociation is $27,500. - Ignore taxes. Multipie Choice $182,250 $133.800 $242,250 548,450

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