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The Banderas Company, a merchandising firm, has budgeted its activity for December according to the following information: 1) Sales at $550,000, all for cash. 2)

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The Banderas Company, a merchandising firm, has budgeted its activity for December according to the following information: 1) Sales at $550,000, all for cash. 2) Merchandise inventory on November 30 was $300,000 3) Budgeted depreciation for December is $35,000 4) The cash balance at December 1 was $25,000 5) Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash. 6) The planned merchandise inventory on December 31 is $270,000 7) The involce cost for merchandise purchases represents 75% of the sales price. All purchases are paid for in cash. Budgeted cash disbursements for December are: a ob 0 0 0 0 382,500 442,500 477,500 472.500

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