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Anarel [89]
3 years ago
13

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

Business
2 answers:
weeeeeb [17]3 years ago
7 0

Answer:

$54,000

Explanation:

                            November        December       January

Sales                       340000            320000          310000

Collection 80%      272000           256000          248000

 20%                                                  68000            64000      62000

Total                          272000           324000           312000

cost of sales            255000            240000         232500

Ending Inv.              144000             139500

Expenses                 24000               24000            24000

                                 423000            403500        

Opening Inv.          (153,000)

as in balanced                                  

Sheet

Total expenses      270000

Please note that payment for merhandise is made in the following month

Cash movement in December = 324000-270000 = 54000

                               

Orlov [11]3 years ago
6 0

Answer: $54,000

Explanation:

Referring to the data regarding store operation given above, difference between cash receipt and cash disbursement for December could be calculated as follows;

December Cash receipt = (340,000*20%+320,000*80%) = 324,000

November Purchases = (340,000 × 75%)+(320,000 × 75% × 60%) - 153,000 = 246,000

December Cash payment = 246,000 +240,000 = 270,000

The difference between cash receipts and cash disbursement for December = 324,000 - 270,000 = 54,000

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