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Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following information is available concerning its inventories: Inventories at beginning of March$378,750
Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following information is available concerning its inventories: Inventories at beginning of March$378,750 Estimated purchases for March 1,485,000 Estimated cost of goods sold for March 1,518,750 Estimated payments in March for purchases in February 371,250 Estimated payments in March for purchases prior to February 67,500 Estimated payments in March for purchases in March 60% Required: What are the estimated cash disbursements in March?
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