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A company is working on their budgets for the year 2 0 2 1 . The table below has a few of their expectations for
A company is working on their budgets for the year The table below has a few of their expectations for
Accounts Payable on April $
Inventory purchases in March $
Inventory purchases in April $
Inventory purchases in May $
Inventory purchases in June $
Inventory purchases in July $
Historically, this company's payment pattern for inventory purchases has been on account which then get paid in the month of purchase and the remainder one month following the purchase.
The Accounts Payable on April is the result of inventory purchases in March and thus is expected to be paid according to the pattern described above.
How much should this company expect in Cash Payments for the month of May? round to the nearest whole dollarinput code
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