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Bearcat company, a merchandising company, started its business at the beginning of the year 2020. The company sets the unit selling price as 120% of
Bearcat company, a merchandising company, started its business at the beginning of the year 2020. The company sets the unit selling price as 120% of the total of cost of goods sold per unit. 40% of the payment for merchandise purchases Is made with cash in the month of purchase, and 60% is expected to be paid in the following month. The company maintains at the end of each month an Inventory of 30% of the next month's cost of goods sold. Budgeted sales for the next three months are as follows: January February March $9,600 $12,000 $16,500 The unit selling price and unit purchase cost do not change for the next three months. What is the expected cash disbursement in February for merchandise purchases? All of the other answers are incorrect 10 0 0 0 0 $11,500 $11,125
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