The richburn manufacturing company increased its

Reference no: EM13593090

The Richburn Manufacturing Company increased its merchandise inventory by $21,000 over the year. The company also granted its customers more liberal credit terms which increased the accounts receivable by $41,500. Sales were $979,000 and the accounts payable decreased by $31,500. The gross profit on sales is 45%. Marketing and administrative expenses were $149,000; this included depreciation expense of $8,000. What were the cash disbursements for the year?

Reference no: EM13593090

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