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Early Importing has budgeted its activity for November according to the following information: sales are budgeted at $546,000, and all sales are for cash. All

Early Importing has budgeted its activity for November according to the following

information: sales are budgeted at $546,000, and all sales are for cash. All

purchases of merchandise inventory are for cash. Merchandise inventory was

$145,000 on October 31, and the planned merchandise inventory for November 30

is $160,000. All merchandise is sold at 30% above cost. The selling and

administrative expenses, which include depreciation of $12,000, are budgeted at

$75,000 for the month. All cash expenditures are paid in the month incurred. What is

the budgeted total cash disbursement for November?

a) $435,000

b) $468,000

c) $498,000

d) $510,000

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