Bramble Corporation Is a Small Wholesaler of Gourmet Food Products $\bullet$

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: $\bullet$ Sales are budgeted at $340,000 for November, $320,000 for December, and $310,000 for January.
$\bullet$ Collections are expected to be 80% in the month of sale and 20% in the month following the sale.
$\bullet$ The cost of goods sold is 75% of sales.
$\bullet$ 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.
$\bullet$ Other monthly expenses to be paid in cash are $24,000.
$\bullet$ Monthly depreciation is $15,000.
$\bullet$ Ignore taxes.
December cash disbursements for merchandise purchases would be:

A) $139,500
B) $246,000
C) $240,000
D) $235,500