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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 $430,000 for November, $410,000 for December, and $400,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 85% of sales. - Other monthly expenses to be paid in cash are $24,900. - Monthly depreciation is $15,900. - Ignore taxes. December cash disbursements for merchandise purchases would be: Multiple Choice $255,000 $352,750 $348,500 $342125

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