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Question - Marigold, Inc. has budgeted direct materials purchases of $150500 in March and $239800 in April. Past experience indicates that the company pays for 60% of its purchases in the month of purchase and the remaining 40% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted:
Wages expense $75700
Purchase of office equipment 36500
Selling and administrative expenses 23300
Depreciation expense 18900
Accounts Receivable write-offs 9500
Required - How much is budgeted cash disbursements for April?
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