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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations...

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Accounting

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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budgeted at $450,000 for November, $430,000 for December, and $420,000 for January. - Collections are expected to be 40% in the month of sale and 60% in the month following the sale. - The cost of goods sold is 75% of sales. - 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. - Other monthly expenses to be paid in cash are $25,100. - Monthly depreciation is $16,100. - Ignore taxes. The difference between cash receipts and cash disbursements for December would be: The difference between cash receipts and cash disbursements for December would be: Muitiple Choice $44,225 $66,863 489,150 $134,100

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