Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bramble corporation is a small wholesaler of gourm

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

70.2K

Verified Solution

Question

Accounting

image
image
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budgeted at $390,000 for November, $370,000 for December, and $360,000 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 80% of sales. - The company would like to maintain ending merchandise inventories equal to 70% 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 $24,500. - Monthly depreciation is $15,500. - Ignore taxes. The difference between cash receipts and cash disbursements for December would be: Multiple Choice $101,600 $56,700 $32.600 542.525

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A particle is projected up with an initial velocity of 80 ft sec The ball...

Physics
Q

2 POINTS 10 FIND THE INDICATED PROBA A IF P A OR B 0 6...

Basic Math
Q

Find a cosine equation having the following characteristics Amplitude 2 Period 2 Horizontal Shift 2TT...

Calculus
Q

Graph the function f x 6 sin x y 5 5 0 7 y

Calculus
Q

You were given data on two potential cost drivers for material handling costs. You run...

Accounting
Q

OP Technologies Manufacturing manufactures small parts and uses an activity -...

Accounting
Q

which of the following statements is not correct concerning how ira distributions are taxed. a,...

Accounting
Q

Mike Jones purchased an apartment building on August 15, 2012 for $200,000. On December 31,...

Accounting
Q

A Co. recorded a right-of-use asset of $400,000 in a 10-year operating lease. Payments of...

Accounting
Q

A financial institution is willing to lend you $400. However, $450 is repaid at the...

Accounting
Q

help!! Preparing the Statement of Cash Flows Balance sheet...

Accounting
Q

b. A stock is trading at a price of $50 and has beta 1.5. A...

Finance