He Adams Company, a merchandising firm, has budgeted its activity for November according to the following information:

• Sales at $452,000, all for cash
• Merchandise inventory on October 31 was $193,000.
• The cash balance November 1 was $10,000.
• Selling and administrative expenses are budgeted at $59,500 for November and are paid for in cash.
• Budgeted depreciation for November is $24,700.
• The planned merchandise inventory on November 30 is $249,000.
• The cost of goods sold is 65% of the selling price.
• All purchases are paid for in cash.
The budgeted cash receipts for November are:
a. $476,700
b. $158,200
c. $293,800
d. $452,000

Hi, kamesh568!

So, what is your question, please?

Thanks!

This looks like a howmework question.

How much cash do you have coming in.

Hint!! Analyze your transactions and figure out which transactions result in you receiving cash.