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Mathematics, 23.10.2019 17:50 brazilmade1
Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow: sales are budgeted at $340,000 for november, $320,000 for december, and $310,000 for january. collections are expected to be 80% in the month of sale and 20% in the month following the sale. the cost of goods sold is 75% of sales. the company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase. other monthly expenses to be paid in cash are $24,000. monthly depreciation is $15,000. ignore taxes.
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