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Bramble, Inc. provided the following information: July August Projected sales $220,000 $278,000 Projected merchandise purchases $142,000 $174,000 Bramble estimates that it will collect 40% of

Bramble, Inc. provided the following information:

July

August

Projected sales

$220,000

$278,000

Projected merchandise purchases

$142,000

$174,000

Bramble estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts.
Bramble pays for 30% of merchandise purchases in the month purchased and 70% in the following month.
General operating expenses are budgeted to be $23,500 per month, including depreciation of $2,200. Bramble pays operating expenses in the month incurred.
Bramble makes loan payments of $5,000 per month of which $400 is interest and the remainder is principal.

Calculate Bramble's budgeted cash disbursements for August.

Budgeted Cash Disbursements $enter the budgeted cash disbursements for August in dollars

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