--%>

Budgeted cash disbursements

The ABC Company, a merchandising firm, has budgeted its action for December according to the following information:

• Sales at $560,000, all for cash.

• The invoice cost for goods purchased represents 73% of the sales price. All purchases are paid in cash.

• Merchandise inventory on November 30 was $160,000.

• Budgeted depreciation for December is $45,000.

• The cash balance at December 1 was $40,000.

• Selling and administrative expenditures are budgeted at $79,000 for December and are paid in cash.

• The planned merchandise inventory on 31 December is $270,000.

The total budgeted cash disbursements for December are:

A) $597,800
B) $524,600
C) $473,800
D) $518,800

   Related Questions in Mathematics

  • Q : Explain trading of call options Explain

    Explain trading of call options.

  • Q : Maths assignment complete assignment

    complete assignment with clear solution and explanation

  • Q : Properties for polynomial Specify the

    Specify the important properties for the polynomial.

  • Q : Ordinary Differential Equation or ODE

    What is an Ordinary Differential Equation (ODE)?

  • Q : Formal logic It's a problem set, they

    It's a problem set, they are attached. it's related to Sider's book which is "Logic to philosophy" I attached the book too. I need it on feb22 but feb23 still work

  • Q : First-order formulas over the

    Consider the unary relational symbols P and L, and the binary relational symbol On, where P(a) and I(a) encode that a is apoint and a (sraight) line in the 2-dimensional space, respectively, while On(a,b) encodes  that a is a point, b is a line, and o lies on b.

  • Q : Competitive equilibrium 8. Halloween is

    8. Halloween is an old American tradition. Kids go out dressed in costume and neighbors give them candy when they come to the door. Spike and Cinderella are brother and sister. After a long night collecting candy, they sit down as examine what they have. Spike fi

  • Q : Problem on budgeted cash collections

    XYZ Company collects 20% of a month's sales in the month of sale, 70% in the month following sale, and 5% in the second month following sale. The remainder is not collectible. Budgeted sales for the subsequent four months are:     

  • Q : Formal logic2 It's a problem set, they

    It's a problem set, they are attached. it's related to Sider's book which is "Logic to philosophy" I attached the book too. I need it on feb22 but feb23 still work

  • Q : Abstract Algebra let a, b, c, d be

    let a, b, c, d be integers. Prove the following statements: (a) if a|b and b|c. (b) if a|b and ac|bd. (c) if d|a and d|b then d|(xa+yb) for any x, y EZ