Estimate cash disbursements related to purchases for april

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Reference no: EM132586782

Pembina Retailers expects to make inventory purchases in the next quarter as follows:

April $68,000

May 78,800

June 107,400

Prior experience has shown that 80 percent of a month's purchases are paid in the month of purchase and 20 percent are paid in the month following purchase. March purchases were $60,300.

Question 1 : Estimate cash disbursements related to purchases for April, May, and June.

Reference no: EM132586782

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