Business, 07.05.2021 16:30 tburlew01

The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:Sales at $620,000, all for cash. Merchandise inventory on November 30 was $285,000.The cash balance at December 1 was $35,000.Selling and administrative expenses are budgeted at $111,000 for December and are paid in cash. Budgeted depreciation for December is $59,000.The planned merchandise inventory on December 31 is $315,000.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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