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Question - Early Importing has budgeted its activity for November according to the following information: sales are budgeted at $546,000, and all sales are for cash. All purchases of merchandise inventory are for cash. Merchandise inventory was $145,000 on October 31, and the planned merchandise inventory for November 30 is $160,000. All merchandise is sold at 30% above cost. The selling and administrative expenses, which include depreciation of $12,000, are budgeted at $75,000 for the month. All cash expenditures are paid in the month incurred. What is the budgeted total cash disbursement for November?
a) $435,000
b) $468,000
c) $498,000
d) $510,000
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