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Cedar Co. has forecast purchases to be $332,000 in June, $379,000 in July, $310,000 in August, and $272,000 in September. Purchases average 40% paid in
Cedar Co. has forecast purchases to be $332,000 in June, $379,000 in July, $310,000 in August, and $272,000 in September. Purchases average 40% paid in cash, 60% are on credit. Credit purchases are paid 70% in the month of purchase, 25% during the month following, and 5% the second month following the purchase. Cash disbursements in September would be:
$108,560
$287,660
$280,910
$76,160
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