Answer:
The difference between cash receipts and cash disbursements for December is $67,400
Explanation:
In order to calculate the difference between cash receipts and cash disbursements for December first we need to calculate both cash receipts and cash disbursements as follows:
Cash receipts =($460,000*55%)+($440,000*45%)
Cash receipts =$451,000
Cash disbursements:
Purchases =($460,000*80%)+($440,000*80%*60%)-($460,000*80%*60%)
Purchases=$368,000+$211,200-$220,800=$358,400
Other monthly expenses=$25,200
Total Cash disbursements=$383,600
Therefore, The difference between cash receipts and cash disbursements for December=
$451,000-$383,600=$67,400
Difference 84100
