Business, 15.04.2020 23:12 vipergod07

The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information: Sales at $460,000, all for cash. Merchandise inventory on November 30 was $205,000. The cash balance at December 1 was $19,000. Selling and administrative expenses are budgeted at $63,000 for December and are paid in cash. Budgeted depreciation for December is $27,000. The planned merchandise inventory on December 31 is $235,000. The cost of goods sold is 70% of the sales price. All purchases are paid for in cash. There is no interest expense or income tax expense. The budgeted cash receipts for December are:

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The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to...

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