MC Qu. 83 Bracken Corporation is a small wholesaler... Bracken Corporation is a small wholesaler...
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MC Qu. 83 Bracken Corporation is a small wholesaler... Bracken Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow Sales are budgeted at $460,000 for November, $480,000 for December, and $480,000 for January Collections are expected to be 85% in the month of sale, 14% in the month following the sale, and The cost of goods sold is 80% of sales . The company would like to maintain ending merchandise inventories equal to 60% 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 $23,000 Monthly depreciation is $20,200 Ignore taxes otal assets T otal iabat s would be
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