Reference no: EM13923907
1. Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:
a. Sales are budgeted at $380,000 for November, $400,000 for December, and $390,000 for January.
b. Collections are expected to be 60% in the month of sale, 39% in the month following the sale, and 1% un collectible.
c. The cost of goods sold is 75% of sales.
2. The company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
a. Other monthly expenses to be paid in cash are $23,500.
b. Monthly depreciation is $21,400
c. Ignore taxes.
December cash disbursements for merchandise purchases would be:
$295,125
$294,750
$190,125
$300,000
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