$4$

Formula $3$ points

Dynamic $-$ Problem and answer changes with each attempt $($consider an Excel solution$)$ Farm Supply is located in a small town on the coast of California. Data regarding the store's operations follow:

Sales are budgeted at $302,716$ for November, $$329,819$ for December, and $ $243,054$ for January.

Collections are expected to be $70\%$ in the month of sale and $30\%$ in the month following the sale.

The cost of goods sold is $75\%$ of sales.

The company desires to have an ending merchandise inventory at the end of each month equal to $80\%$ of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.

Other monthly expensesho be paid in cash are $$22,400.$

Monthly depreciation is $$27,500.$

Ignore taxes.

Calculate the difference between cash receipts and cash disbursements for December.

Hint: Range of answer is $45,000$ to $60,000$

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