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The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following Information: . Sales at $640,000, all for cash. .

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The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following Information: . Sales at $640,000, all for cash. . Merchandise Inventory on October 31 was $282,000 . The cash balance November 1 was $20,900. . Selling and administrative expenses are budgeted at $63,600 for November and are pald for in cash. . Budgeted depreclation for November is $26,300. . The planned merchandise Inventory on November 30 is $321,300. The cost of goods sold is 60% of the selling price. . All purchases are pald for In cash. . There is no interest expense or Income tax expense. The budgeted cash disbursements for November are: $423,30o O $447,600 O $626,100 O $486,90o

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