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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:
o Sales are budgeted at $340,000 for November, $320,000 for December, and $310,000 for January.
o Collections are expected to be 80% in the month of sale and 20% in the month following the sale.
o The cost of goods sold is 75% of sales.
o The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
o Other monthly expenses to be paid in cash are $24,000.
o Monthly depreciation is $15,000.
o Ignore taxes.
-The cost of December merchandise purchases would be:
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Participative Leadership
A leadership style that encourages and values the input and involvement of team members in decision-making processes.
Employee Satisfaction
The level of contentment and positivity that employees feel towards their job, work environment, and organizational practices.
Financial Information
Data related to the financial status of an organization, including income, expenditure, assets, and liabilities, used for analysis and decision-making.
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