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Business, 26.05.2021 21:30 khuak877

Oriole Company has budgeted its activity for December according to the following information: 1. Sales at $550000, all for cash. 2. Budgeted depreciation for December is $16000. 4. The cash balance at December 1 was $14000. 5. Selling and administrative expenses are budgeted at $57000 for December and are paid for in cash. 6. The planned merchandise inventory on December 31 and December 1 is $16000. 7. The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December?

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