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Tambie Corporation is small whole of gourmet food products and the Sales are budgeted at $210.000 for November 5190,000 for December, and 0.00 - Collections

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Tambie Corporation is small whole of gourmet food products and the Sales are budgeted at $210.000 for November 5190,000 for December, and 0.00 - Collections are expected to be 50% in the month of sand in the month follow the The cost of goods sold 55% of - The company would like to maintain ending merchandise wertories out to 5% of the most merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are 522700 Monthly depreciation is $13700 Ignore taxes $ 22,50 T2,5 53,975 October 11 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,5ee accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable $ 1,243,475 5.956,500 mu 38 of 40 BE Next > Total Habilities and stockholders' uity The cost of December merchandise purchases would be Multiple Choice O $102,025 $104,500 $44.550 Sales are budgeted at $270.000 for November, $250,000 for December, and 5220 000 for Jan Collections are expected to be 50% in the month of sale and 50% in the month following the sale - The cost of goods sold 75% of sales. The company would like to maintain ending merchandise inwentones equito 65% of me next monty's cost of room merchandise is made in the month following the purchase - Other monthly expenses to be paid in cash are $23,300 Monthly depreciation is $14.300 Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,908 accumulated depreciation Total asset Liabilities and Stockholders' Equity Accounts payable $ 21,900 71,900 131,625 1,095,900 $ 1,321,325 $ 255,900 13 Next > 11.11 Marchandise inventory Property, plant and equipment net of $57,000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $1, December cash disbursements for merchandise purchases would be Multiple Choice $187,500 S17000 Bramble Corporation is a small wholesaler of connet food produs at the top Sales are budgeted at $310,000 for November, $290.000 for December and 280000 for domy Collections are expected to be 60% in the month of sale and 40% in the month following the sale The cost of goods sold is 65% of sales. - The company would like to maintain ending merchandise inventories eualto 55% of the remote cost of Goods merchandise is made in the month following the purchase. . Other monthly expenses to be paid in cash are 523700 - Monthly depreciation is $14.700 Ignore taxes $ 21,500 Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,500 accumulated depreciation Total assets iabilities and Stockholders' Equity 110.05 1,695,500 $ 1,299,325 $ 255,500 Liabilities and Stockholders' Equity Accounts payables Common stock Retained earnings Total liabilities and stockholders equity December cash disbursements for merchandise purchases would be Multiple Choice O $188,500 $184.925 Tambie Corporation is small whole of gourmet food products and the Sales are budgeted at $210.000 for November 5190,000 for December, and 0.00 - Collections are expected to be 50% in the month of sand in the month follow the The cost of goods sold 55% of - The company would like to maintain ending merchandise wertories out to 5% of the most merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are 522700 Monthly depreciation is $13700 Ignore taxes $ 22,50 T2,5 53,975 October 11 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,5ee accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable $ 1,243,475 5.956,500 mu 38 of 40 BE Next > Total Habilities and stockholders' uity The cost of December merchandise purchases would be Multiple Choice O $102,025 $104,500 $44.550 Sales are budgeted at $270.000 for November, $250,000 for December, and 5220 000 for Jan Collections are expected to be 50% in the month of sale and 50% in the month following the sale - The cost of goods sold 75% of sales. The company would like to maintain ending merchandise inwentones equito 65% of me next monty's cost of room merchandise is made in the month following the purchase - Other monthly expenses to be paid in cash are $23,300 Monthly depreciation is $14.300 Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,908 accumulated depreciation Total asset Liabilities and Stockholders' Equity Accounts payable $ 21,900 71,900 131,625 1,095,900 $ 1,321,325 $ 255,900 13 Next > 11.11 Marchandise inventory Property, plant and equipment net of $57,000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $1, December cash disbursements for merchandise purchases would be Multiple Choice $187,500 S17000 Bramble Corporation is a small wholesaler of connet food produs at the top Sales are budgeted at $310,000 for November, $290.000 for December and 280000 for domy Collections are expected to be 60% in the month of sale and 40% in the month following the sale The cost of goods sold is 65% of sales. - The company would like to maintain ending merchandise inventories eualto 55% of the remote cost of Goods merchandise is made in the month following the purchase. . Other monthly expenses to be paid in cash are 523700 - Monthly depreciation is $14.700 Ignore taxes $ 21,500 Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,500 accumulated depreciation Total assets iabilities and Stockholders' Equity 110.05 1,695,500 $ 1,299,325 $ 255,500 Liabilities and Stockholders' Equity Accounts payables Common stock Retained earnings Total liabilities and stockholders equity December cash disbursements for merchandise purchases would be Multiple Choice O $188,500 $184.925

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