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Crane Company is preparing a cash payments budget. Below is a schedule of financial data that will be used to prepare the budget. What is

Crane Company is preparing a cash payments budget.

Below is a schedule of financial data that will be used to prepare the budget.

What is the cash payments budget for November?

September

October

November

December

Purchases

$34,739

$70,078

$49,879

Cash Operating Costs

$5,067

$8,072

$10,473

Cash paid for new equipment

$1,574

$2,663

$3,251

Accounts Payable at End of Month

$12,386

Purchases are paid for as follows:

In Month of Purchase

60%

In Month After Purchase

40%

Enter your answer to the nearest whole dollar.

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