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Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer.;Use the following information to answer this question.;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.;1. The budgeted cash disbursements for November are;A. $530,000.;B. $345,000.;C. $405,000.;D. $375,000.;please check the attachment for all the questions


Paper#79992 | Written in 18-Jul-2015

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