What are the budgeted cash disbursements for May

Reference no: EM132701094

Question - A company budgeted the following purchases for raw materials:

Month	Budget
January	$10,000
February	$20,000
March	$25,000
April	$22,000
May	$27,000
June	$30,000
July	$24,000

The company has a policy of paying for 40% of the purchases in the month of purchase, 35% in the month following the purchase, and 25% in the second month following the purchase.

Based on this information, what are the budgeted cash disbursements for May?

Reference no: EM132701094

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