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Drye Pneumatics is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases: April $82,500
Drye Pneumatics is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases: April $82,500 May $65,300 June $57,400 The controller reports that Morgan pays for 30% of its purchases in the month of purchase, 65% in the month following purchase, and 5% in the second month after purchase. What are Morgans budgeted cash payments for purchases in June? ROUND YOUR ANSWER TO WHOLE DOLLARS (#,###). DO NOT INCLUDE A $ IN YOUR
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