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Develop a schedule of cash disbursements for purchases

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Reference no: EM133022960

Question - Spana Company has the following data:

Total Monthly Purchasing Budget

January 220,000

February 185,000

MONTH Budgeted purchases

March 240,000

April 155,000

May 180,000

Purchases are paid as follows:

* 10% in the month of purchase.

* 60% one month after purchase

* 30% two months after purchase

Required - Develop a schedule of cash disbursements for purchases for March, April and May.

Reference no: EM133022960

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