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How do estimate cash disbursements related to purchases

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Reference no: EM132986873

The Page Antique Mall expects to make purchases in the first quarter of 2021 as follows:

January $ 110,200

February 139,200

March 98,600

Purchases in December 2020 are expected to be $106,000. The company expects that50 percent of a month's purchases will be paid in the month of purchase and50percent will be paid in the following month.

Problem 1: Estimate cash disbursements related to purchases for each month of the first quarter of 2021.

Reference no: EM132986873

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