DUE IN 20 minutes please answer as soon as possible Thank you Assume a merchandising company's estimated sales for January, February, and March are $109,000, $129,000, and $119,000, respectively Its cost of goods sold is always 60 of its sales The company always maintains onding merchandise inventory equal to 20 of next month's cost of goods sold It pays for 20 of its merchandise purchases in the month of the purchase and the remaining 80 in the subsequent month What are the cash disbursements for merchandise purchases that would appear in the company's cash budget for February Multiple Choice $71 480 o $66 480 572480 $69,480

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DUE IN 20 minutes  please answer as soon as possible  Thank you  Assume a merchandising company's estimated sales for January, February, and March are $109,000, $129,000, and $119,000, respectively  Its cost of goods sold is always 60  of its sales  The company always maintains onding merchandise inventory equal to 20  of next month's cost of goods sold  It pays for 20  of its merchandise purchases in the month of the purchase and the remaining 80  in the subsequent month  What are the cash disbursements for merchandise purchases that would appear in the company's cash budget for February  Multiple Choice $71 480 o $66 480 572480 $69,480

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DUE IN 20 minutes. please answer as soon as possible. Thank you! Assume a merchandising company's estimated sales for January, February, and March are $109,000,

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