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Marigold has budgeted its activity for December according to the following information: 1. Sales at $506000, all for cash. 2. Budgeted depreciation for December is
Marigold has budgeted its activity for December according to the following information: 1. Sales at $506000, all for cash. 2. Budgeted depreciation for December is $12400. 3. The cash balance at December 1 was $56700. 4. Selling and administrative expenses are budgeted at $34800 for December and are paid for in cash. 5. The planned merchandise inventory on December 31 and December 1 is $25900. 6. The invoice cost for merchandise purchases represents 65% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December? $376100 O $363700 $351300 $514060
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