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The company starts the month of October with following accounts balances:
Cash 26,000
Accounts Receivable 80,000
Prepaid expenses 12,000
Merchandise Inventory 30,000
Accounts Payable 50,000
Accrued expenses 8,000
Problem 1: Total cash disbursement for October are
a. 305000
b. 309000
c. 301000
d. 325000
Actual variable costs were $3.30 and fixed costs were $ 12,000. Write a short memo analyzing the current month's performance.
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