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Cash disbursements The following budgeted information about Reeves Co. is available for September: Sales for September Gross profit on sales $7,020,000 40% Decrease in Merchandise
Cash disbursements The following budgeted information about Reeves Co. is available for September: Sales for September Gross profit on sales $7,020,000 40% Decrease in Merchandise Inventory during September $113,750 Wages expense for September Increase in Wages Payable for September Other cash expenses for September Decrease in Accounts Payable during September $846,300 $109,200 $637,000 $91,000 Reeves Co. only uses its Accounts Payable for inventory purchases. a. How much does Reeves Co. expect to pay for inventory in September? $ b. What are total budgeted cash disbursements for September? $ Check
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