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.

17. The budgeted cash disbursements for November are

A. $375,000.

B. $405,000.

C. $345,000.

D. $530,000.

***Please SHOW HOW to get this answer