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Current Attempt in Progress Ayayai, Inc. provided the following information: July August Projected sales $210,000 $250,000 Projected merchandise purchases $140,000 $170,000 Ayayai estimates that

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Current Attempt in Progress Ayayai, Inc. provided the following information: July August Projected sales $210,000 $250,000 Projected merchandise purchases $140,000 $170,000 Ayayai estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the 'sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Ayayai pays for 20% of merchandise purchases in the month purchased and 80% in the following month. General operating expenses are budgeted to be $20,000 per month, including depreciation of $1,500. Ayayai pays operating expenses in the month incurred. Ayayai makes loan payments of $3,000 per month of which $400 is interest and the remainder is principal. Calculate Ayayai's budgeted cash disbursements for August. Budgeted Cash Disbursements $ 167500

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