Solution-What are the forecasted total cash payments

What are the forecasted total cash payments

Reference no: EM132472808

Question - A company plans to purchase inventory for the second half of 2014 as follows:

July	$100,000
August	$75,000
September	$225,000
October	$125,000
November	$250,000
December	$30,000

They usually pay 50% of inventory purchases in the month of purchase, 35% in the following month, and 15% in the second month.

Reqired - Based on this information, what are the forecasted total 2014 cash payments for inventory purchased in the second half of 2014?

Reference no: EM132472808

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What are the forecasted total cash payments

Reference no: EM132472808

Reference no: EM132472808

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