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What amount should star budget for cash disbursements

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Reference no: EM132467719

Problem - Star Co. is a retail store specializing in contemporary furniture. The following information is taken from Star's June budget:

Sales $540,000

Cost of goods sold 300,000

Merchandise inventory-June 1 150,000

Merchandise inventory-June 30 180,000

Accounts payable for purchases-June 1 85,000

Accounts payable for purchases-June 30 75,000

Required - What amount should Star budget for cash disbursements for June purchases?

Reference no: EM132467719

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