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The difference between cash receipts and cash disbursements for December would be: ...

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Accounting

The difference between cash receipts and cash disbursements for December would be:

  • $42,500

  • $41,200
  • $43,400

  • $40,200

    image
    Dily Faim Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $305,000 for November, $325,000 for Decembet, and $225,000 for January: - Collections are expected to be 65% in the month of sale and 35% in the month following the sale. - The cost of goods sold is 803 of sales - The company desires to have an ending merchandise inventory at the end of each month 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 $19,400. - Montrly depreciation is $28,500 - Ignore taxes. The difference betwoen cash receipts ad cash disbursqments for December would be

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