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13-34 Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following information is available concerning its inventories: Inventories at beginning of
13-34
Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following information is available concerning its inventories:
Inventories at beginning of March | $ | 478,750 | |
Estimated purchases for March | 1,875,000 | ||
Estimated cost of goods sold for March | 1,919,000 | ||
Estimated payments in March for purchases in February | 471,000 | ||
Estimated payments in March for purchases prior to February | 87,000 | ||
Estimated payments in March for purchases in March | 70 | % | |
Required:
What are the estimated cash disbursements in March?
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