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...

90.2K

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 $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

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

Finance
1.2K views

It is the end of your final year of study as a student in the Master...

Finance
1.2K views

Anderson plans to acquire an automated assembly line with ten year life at a cost of...

Physics
1.2K views

Three conducting spheres are electrically charged Sphere X is attracted to a negative Van De...

Physics
1.2K views

lid sphere of radius R has a charge Q distributed in its volume with a...

Basic Math
1.2K views

Nimesh is creating a new app for real estate developers to estimate the number of...

Calculus
1.2K views

Use Part 1 of the Fundamental Theorem of Calculus to find the derivative of the...

Algebra
1.2K views

A rare square Turkish rug is sold at auction The area of the Turkish rug...

Algebra
1.2K views

The point (5,?/4) can also be represented by which of the following polar coordinates ?A....

Accounting
1.2K views

2. DMC Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July,...

Accounting
1.2K views

E7-12 Reporting Inventory at Lower of Cost or Market LO7-4 Jones Company is preparing the...

Accounting
1.2K views

Cul de los siguientes sera la misma cantidad total en un presupuesto flexible y un...

Accounting
1.2K views

Bond prices depend on the market rate of interest, stated rate of interest, and time....