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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
$
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