multiple Choice

1) 134,100

2) 89,150

3) 66,863

4) 44,225

Bramble Corporation is a small wholesaler of gourmet food products, Data regarding the store's operations follow: - Sales are budgeted at $450,000 for November. $430,000 for December, and $420,000 for January. - Collections are expected to be 40% in the month of sale and 60% in the month following the sale. - The cost of goods sold is 75% of sales, - The company would like to maintain ending merchandise inventories equal to 65% of the next montn'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 $25,100. - Monthly depreciation is $16,100. - Ignore taxes