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-   -   Managerial accounting help... budgeted cash dispursements (https://www.askmehelpdesk.com/showthread.php?t=567688)

  • Apr 3, 2011, 01:35 PM
    manacthelp
    Managerial accounting help... budgeted cash dispursements
    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..

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