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How much cash outflow for purchases will budget

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ABC company is developing a purchases budget for 2020 . The expected units are 171 for 2019, 153 for 2020, and 193 for 2021. In order to keep their inventories has 16% of the following year's sales units(rounded up to a whole number).. it will cost $24 each if ABC company want to buy units. ABC company buys on credit and pays half the bill in the same year and half in the following year.

Question 1. How many units will ABC company budget to purchase in 2020?

Question 2. How much will be budgeted for in dollar for 2020?

Question 3. How much cash outflow for purchases will budget for 2020? (Round to nearest dollar)

Reference no: EM132530271

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