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Help Save & Exit Bamble Compration is a small wholesaler of gourmet food products. Data regarding the stores operations folliw. - Sales are budgeted at
Help Save \& Exit Bamble Compration is a small wholesaler of gourmet food products. Data regarding the stores operations folliw. - Sales are budgeted at $330.000 for November, $310.000 for December, and $300,000 for January. - Collectlons are expected to be 50% in the month of sale and 50% in the month following the sale. - The cost of goods sold is 75% of sales. - The comparyy would nke to maintain ending merchandise invertories equal to 65% of the next month's cost of goods soid, Payment for mefcliandise is mesice in the morith foliowing the purchase. - Other momthly expenses to be paid in cash are $23,900 - Monthly depreciation is $14,900 - Ignore laxes. December cosh disburements for merchandise purchases would be: Mincke Cholice $146,250 5127925 $207350 $230,5000
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