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Question 13 Bramble Company reported the following information for 2020: September October November December January Budgeted sales $239000 $309700 $289200 $359000 $199200 Budgeted purchases $89600
Question 13 Bramble Company reported the following information for 2020: September October November December January Budgeted sales $239000 $309700 $289200 $359000 $199200 Budgeted purchases $89600 $120100 $128700 $143000 $88900 . All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. Cost of goods sold is 30% of sales. Bramble purchases and pays for merchandise 65% in the month of acquisition and 35% in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Bramble receive during Novemoter? $144600 $324100 O $299450 $289200
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