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Bridgeport Inc. provided the following information: Bridgeport pays for 40% of merchandise purchases in the month of the purchase and 60% in the following month.

Bridgeport Inc. provided the following information:\ Bridgeport pays for

40%

of merchandise purchases in the month of the purchase and

60%

in the following month.\ General operating expenses are budgeted to be

$30,000

per month of which depreciation is

$3,500

of this amount.\ Bridgeport pays operating expenses in the month incurred.\ Bridgeport makes loan payments of

$5,000

per month of which

$650

is interest and the remainder is principal.\ Calculate budgeted cash disbursements for May.\ Total budgeted cash disbursements

$
image text in transcribed
Bridgeport Inc. provided the following information: - Bridgeport pays for 40% of merchandise purchases in the month of the purchase and 60% in the following month. - General operating expenses are budgeted to be $30,000 per month of which depreciation is $3,500 of this amount. Bridgeport pays operating expenses in the month incurred. - Bridgeport makes loan payments of $5,000 per month of which $650 is interest and the remainder is principal

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