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How much is the budgeted amount of cash

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Reference no: EM132072915

Question - Bean Manufacturing reported the following information for 2016:

October

November

December

Budgeted purchases

$240,000

$256,000

$288,000

Operating expenses are: Salaries, $100,000; Depreciation, $40,000; Rent, $20,000; Utilities, $28,000

Operating expenses are paid during the month incurred.

Accounts payable is used only for inventory acquisitions.

How much is the budgeted amount of cash to be paid for operating expenses in November?

Reference no: EM132072915

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