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

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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 $280,000 for November, $260,000 for December, and $250,000 for Jantary. - Collections are expected to be 45% in the month of sale and 55% in the month following the sale. - The cost of goods soid is 80% of sales. - The company would like to maintain ending merchandise imventories 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 $23,400. - Monthly depreciation is $14,400. - Ignore taxes. The difference between cash receipts and cesh disbursements for December would be

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