The Adams Company, a merchandising firm, has budgeted its activity for November according to the…

The Adams Company, a merchandising firm, has budgeted its activity for November according to the following information:

– Sales were at $450,000, all for cash.

– Merchandise inventory on October 31 was $200,000.

– The cash balance on November 1 was $18,000.

– Selling and administrative expenses are budgeted at $60,000 for November and are paid for in cash.

– Budgeted depreciation for November is $25,000.

– The planned merchandise inventory on November 30 is $230,000.

– The cost of goods sold is 70% of the selling price.

– All purchases are paid for in cash.

The budgeted cash disbursements for November are

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