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YouthGate Enterprises has budgeted its activity for December according to the following information: 1. Sales at Sh 600,000, all for cash. 2. Budgeted depreciation for

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YouthGate Enterprises has budgeted its activity for December according to the following information: 1. Sales at Sh 600,000, all for cash. 2. Budgeted depreciation for December is Sh 15,000. 4. The cash balance at December 1 was Sh 15,000. 5. Selling and administrative expenses are budgeted at Sh 60.000 for December and are paid for in cash. 6. The planned merchandise inventory on December 31 and December 1 is Sh 18,000. 7. The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December? Select one: a. Sh 525,000 b. Sh 345.000 C. Sh 492,000 d. Sh 510.000

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