Please answer the following question. Brittany Company, a reseller of woman's...
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Accounting
Please answer the following question.
Brittany Company, a reseller of woman's fashions, has budgeted its activity for March The budget information is presented below. Sales are 1550.000 All sates are cash. Merchandise inventory on February 28 is $300,000 Budgeted depreciation for March is $35,000 Cash in bank on March 1 is $25,000. Selling and administrative expenses are budgeted at $60,000 for March and are paid in cash. The planned merchandise inventory on March 31 is $270,000. The Invoice cost for merchandise purchases represents 75% of sales price. All purchases are paid for in cash. Refer to Brittany Company. The budgeted cash disbursements for March are: $382, 500 $442, 500 $472, 500 $477, 500
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