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Bramble Corporation is a small wholesaler of gourmet...

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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 $270,000 for November, $250,000 for Decembec, and $240,000 for January. - Collections are expected to be 50% in the month of sale and 50% in the month following the sale. - The cost of goods sold is 75% of sales. - The company would like to maintain ending merchandise irventories equal to 65% of the next month's cost of goods soli. Paymant for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $23,300 - Monthly depreciation is $14,300. - Ignore taxes. The difference between cosh receipts and cash disbursements for December would be: Muttiple Choice $32,963 343,950 526.225 387,00

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