Business, 06.11.2019 21:31, carlosleblanc26

The bandeiras corporation, a merchandising firm, has budgeted its activity for december according to the following information: sales at $470,000, all for cash. merchandise inventory on november 30 was $210,000. the cash balance at december 1 was $20,000. selling and administrative expenses are budgeted at $66,000 for december and are paid in cash. budgeted depreciation for december is $29,000. the planned merchandise inventory on december 31 is $240,000. 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...