Question: please solve Corporation's operational data are below. - Sales are budgeted at $260,000 for November, $310,000 for December, and $210,000 for January. All sales are

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Corporation's operational data are below. - Sales are budgeted at $260,000 for November, $310,000 for December, and $210,000 for January. All sales are credit sales. - Collections are expected to be 80% in themonth of sale, 19% in the month following the sale, and 1% uncollectible. - The cost of goods sold is 65% of sales: - The company desires to have an ending merchandise inventory at the end of each month equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. O: December cash disbursements fo A: 5
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