The following budgeted information about reeves co is

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Reference no: EM13604459

The following budgeted information about Reeves Co. is available for September 2010:

Sales for September 2,700,000
Gross Profit of Sales 40%
Decrease in Merchandise inventory during September 43,750
Wages Expense for September 325,500
Increases in Wages payable for September 42,000
Other cash expenses for September 245,000
Decrease in Accounts Payable during September 35,000

Reeves Co. only uses its Accounts Payable for inventory purchases.

a. How much does Reeves Co. expect to pay for inventory in September 2010?
$

b. What are total budgeted cash disbursements for September 2010?
$

Reference no: EM13604459

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