Solution-Purchases for each month of the first quarter

Purchases for each month of the first quarter

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Reference no: EM13952244

The Warrenburg Antique Mall expects to make purchases in the first quarter of 2012 as follows:

January........ $90,000
February ...... $102,000
March ....... $84,000
Purchases in December 2011 are expected to be $93,000. The company expects that 50 percent of a month's purchases will be paid in the month of purchase and 50 percent will be paid in the following month.

Required:

Estimate cash disbursements related to purchases for each month of the first quarter of 2012.

Reference no: EM13952244

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Purchases for each month of the first quarter

Reference no: EM13952244

Reference no: EM13952244

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