The Adams Company, a merchandising firm, has budgeted its activity for November according to the following information:

* Sales at 450,000, all for cash * Merchandise inventory on October 31 was 200,000. * The cash balance November 1 was 18,000. * Selling and administrative expenses are budgeted at 60,000 for November and are paid for in cash. * Budgeted depreciation for November is 25,000. * The planned merchandise inventory on November 31 is 230,000. * The cost of goods sold is 70% of the selling price. * All purchases are paid for in cash.

The budgeted cash receipts for November are:

Question

The Adams Company, a merchandising firm, has budgeted its activity for November according to the following information:

* Sales at 450,000, all for cash * Merchandise inventory on October 31 was 200,000. * The cash balance November 1 was 18,000. * Selling and administrative expenses are budgeted at 60,000 for November and are paid for in cash. * Budgeted depreciation for November is 25,000. * The planned merchandise inventory on November 31 is 230,000. * The cost of goods sold is 70% of the selling price. * All purchases are paid for in cash.

The budgeted cash receipts for November are:

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The Adams Company, a merchandising firm, has budgeted its activity for November according to the following information: * Sales at 450,000, all for cash *

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