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View Full Version : Managerial accounting help... budgeted cash dispursements


manacthelp
Apr 3, 2011, 01:35 PM
A merchandising firm has budgeted its activity for November according to the following information:

Sales at $500,000, all for cash
Merchandise inventory on October 31 was $300,000
The cash balance November 1 was $20,000
Selling and administrative expenses are budgeted at $50,000 for November and are paid for in cash
Budgeted depreciation for November is $30,000
The planned merchandise inventory on November 31 is $240,000
The cost of goods sold is 60% of the selling price
All purchases are paid for in cash

The budgeted cash disbursements for November are..