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Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data: January cash sales $ 63,000 January credit sales 385,000

Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data:

January cash sales $63,000
January credit sales 385,000
Collections from December credit sales 147,000
Selling and administrative costs (paid in month of purchase) 59,000
Depreciation expense 23,000
Merchandise Inventory, January 1 192,000
Merchandise Inventory, January 31 213,000
Cost of goods sold is 40% of Coopers selling price
All purchases are paid in cash
Credit sales are collected 60% in the month of sale, 35% in
the following month, and 5% is deemed uncollectible

What is Pharoahs budgeted cash disbursements for January? image text in transcribed
Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data: $63,000 385.000 147.000 59,000 23,000 January cash sales January credit sales Collections from December credit sales Selling and administrative costs (paid in month of purchase) Depreciation expense Merchandise Inventory, January 1 Merchandise Inventory, January 31 Cost of goods sold is 40% of Cooper's selling price All purchases are paid in cash Credit sales are collected 60% in the month of sale, 35% in the following month, and 5% is deemed uncollectible 192,000 213,000 What is Pharoah's budgeted cash disbursements for January? Total January disbursements $

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