Vaughn has budgeted its activity for December according to the following information: 1. Sales at...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Vaughn has budgeted its activity for December according to the following information: 1. Sales at $497000, all for cash. 2. Budgeted depreciation for December is $12900. 3. The cash balance at December 1 was $57000. 4. Selling and administrative expenses are budgeted at $34000 for December and are paid for in cash. 5. The planned merchandise inventory on December 31 and December 1 is $24400. 6. The invoice cost for merchandise purchases represents 50% of the sales price. All purchases are paid in cash How much are the budgeted cash disbursements for December O $295400 O $503450 O $282500 O $269600
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.