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Estimate cash disbursements related to purchases

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Question - The Duffy Dog Antique Mall expects to make purchases in the first quarter of 2021 as follows:

January $121,600

February 153,600

March 108,800

Purchases in December 2020 are expected to be $116,800. The company expects that 50 percent of a month's purchases will be paid in the month of purchase and 50 percent will be paid in the following month.

Required - Estimate cash disbursements related to purchases for each month of the first quarter of 2021.

Reference no: EM133137739

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