Solution-Estimate cash disbursements related to purchases

Estimate cash disbursements related to purchases

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Reference no: EM13952222

Mississippi Retailers expects to make inventory purchases in the next quarter as follows:
April ....... $60,000
May ....... 70,000
June ....... 95,000
Prior experience has shown that 30 percent of a month's purchases are paid in the month of purchase and 70 percent are paid in the month following purchase. March purchases were $55,000.

Required:

Estimate cash disbursements related to purchases for April, May, and June.

Reference no: EM13952222

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Estimate cash disbursements related to purchases

Reference no: EM13952222

Reference no: EM13952222

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