Reference no: EM131204441
Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:
• Sales are budgeted at $240,000 for November, $260,000 for December, and $250,000 for January.
• Collections are expected to be 65% in the month of sale, 34% in the month following the sale, and 1% uncollectible.
• The cost of goods sold is 70% of sales.
• The company would like to maintain ending merchandise inventories equal to 60% 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 paid in cash are $22,100.
• Monthly depreciation is $20,000.
• Ignore taxes.
The difference between cash receipts and cash disbursements in December would be:
A, $71,000
B. $15,000
C. $30,200
D. $52,100
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: Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $240,000 for November, $260,000 for December, and $250,000 for January. The difference between cash receipts and ca..
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