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Home Q & A Board Other Fields Homework Help Business Accounting
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jake82 jake82
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A year ago
Cooper Company, a retailer of camping supplies has budgeted activity for January using the following data:

January cash sales$   50,000
January credit Sales380,000
Collections from December credit sales150,000
Selling and administrative costs (paid in month of purchase)50,000
Depreciation expense25,000
Merchandise Inventory, January 1200,000
Merchandise Inventory, January 31210,000

Cost of goods sold is 40% of Cooper's selling price
All purchases are paid in cash
Credit sales are collected 60% in the month of sale, 35% in the following month, and 5% is deemed uncollectible

Required:

What is Cooper's budgeted cash disbursements for January?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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Jessicav1126Jessicav1126
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A year ago
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A year ago
Just got PERFECT on my quiz
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this is exactly what I needed
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This site is awesome
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