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Yummy Smells Corporation is a brand new wholesaler of exquisite candle products. Data regarding the store's operations follow. - Sales are budgeted at $350 ,
Yummy Smells Corporation is a brand new wholesaler of exquisite candle products. Data regarding the store's operations follow. - Sales are budgeted at $350 , 000 for October, $330 , 000 for November, and $320 , 000 for December. - Collectlons are expected to be 45% in the month of sale and 55% in the month following the sale. - The cost of goods sold is 75% of sales. - The company would like to maintain ending merchandise Inventorles equal to 80% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be pard in cash are $24 , 100. - Monthly depreclation is $15 , 100. - Ignore taxes. November cash disbursements for merchandise purchases would be: Mutiple cholce $192000 $250 , 500 $247 , 500 $241 , 500
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