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A company is preparing a cash budget for Sep. Oct and Nov. Sales for each month are $120,600. $135,800 and $119,500. The disbursements for each

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A company is preparing a cash budget for Sep. Oct and Nov. Sales for each month are $120,600. $135,800 and $119,500. The disbursements for each month are as follows (Sep, Oct, Nov): - Disbursements for merchandise are budgeted as $25,000,$20,300 and 22,840 . - Administrative expenses are 10% of the current month sales. - Selling commissions are 15% of sales. Additional sales salaries are $2,500 per month - The company expects to pay income taxes of $5,000 in October. - Equipment will be purchased for $30.000 in Nitrember. Total cash disbursements for October is: 1566450 591,750 561.750 S62.875

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