Diltex Farm Supply is located in a small town in the rural west. Data regarding the store's operathons tothen

Sales are budgeted at $$220,000$ for November, $$200,000$ for December, and $$210,000$ for January.

Collections are expected to be $70\%$ in the month of sale, $27\%$ in the month following the sale, and $3\%$ uncollectible.

The cost of goods sold is $65\%$ of sales.

The company desires to have an ending merchandise inventory at the end of each month equal to $50\%$ of the ne month's cost of goods sold. Payment for merchandise is made in the month following the purchase.

Expected cash collections in December are:

A$.$ $$59,400$

B$.$ $$140,000$

C$.$ $$199,400$

D$.$ $$200,000$

December cash disbursements for merchandise purchases would be:

A$.$ $$136,500$

B$.$ $$68,250$

C$.$ $$133,250$

D$.$ $$130,000$

The accounts receivable balance, net of uncollectible accounts, at the end of December would be:

A$.$ $$82,000$

B$.$ $$113,400$

C$.560,000$

D$.$ $$54,000$

Accounts payable at the end of December would be:

A$.$ $$65,000$

B$.$ $$68,250$

C$.$ $$130,000$

D$.$ $$133,250$