Question
17) The following information applies to Brandon Company: Purchases Sales January $160,000 $100,000 February 160,000 200,000 March 160,000 240,000 April 140,000 300,000 May 140,000 260,000
17) The following information applies to Brandon Company:
Purchases | Sales | |||
| | |||
January | $160,000 | $100,000 | ||
February | 160,000 | 200,000 | ||
March | 160,000 | 240,000 | ||
April | 140,000 | 300,000 | ||
May | 140,000 | 260,000 | ||
June | 120,000 | 240,000 |
Brandon pays for 40% of purchases in cash at the time of purchase and 30% in each of the next 2 months. Purchases for the previous November and December were $150,000 per month. Payroll is 10% of sales in the month it occurs, and operating expenses are 20% of the following months sales (July sales were $220,000). Interest payments were $20,000 paid quarterly in January and April. Brandons cash disbursements in total for the month of April were __________?
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