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What is the capital expenditures budget

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Question: 1. Jam Co. forecasts merchandise purchases of $11,600 in January, $11,800 in February, and $15,400 in March; 40% of purchases are paid in the month of purchase and 60% are paid in the following month. At December 31 of the prior year, the balance of Accounts Payable (for December purchases) is $8,000. Prepare a schedule of cash disbursements for merchandise for each of the months of January, February, and March.

2. Operating budgets, financial budgets, and capital expenditures budget.

Reference no: EM131539228

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