Budgeted cash disbursements

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Reference no: EM13155763

Lowe Ridge has budgeted its activity for December according to the following information: Sales at $400,000, all for cash. Budgeted depreciation for December is $10,000. The cash balance at December 1 was $10,000. Selling and administrative expenses are budgeted at $40,000 for December and are paid for in cash. The planned merchandise inventory on December 31 and December 1 is $12,000. 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?

Reference no: EM13155763

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