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The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information:
Sales at $460,000, all for cash.
Merchandise inventory on October 31 was $205,000.
The cash balance November 1 was $19,000.
Selling and administrative expenses are budgeted at $63,000 for November and are paid for in cash.
Budgeted depreciation for November is $27,000. The planned merchandise inventory on November 30 is $235,000.
The cost of goods sold is 70% of the selling price.
All purchases are paid for in cash.
There is no interest expense or income tax expense.
The budgeted cash disbursements for November are?
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