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What are the estimated cash disbursements in october

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Estimate Cash Disbursements

Ashland Corporation, a merchandising firm, is preparing its cash budget for October. The following information is available concerning its inventories:

Inventories at beginning of October

$135,000

Estimated purchases for October

660,000

Estimated cost of goods sold for October

675,000

Estimated payments in October for purchases in September

165,000

Estimated payments in October for purchases prior to September

30,000

Estimated payments in October for purchases in October

70%

Required

What are the estimated cash disbursements in October?

Reference no: EM13550345

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