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Duffy Dog Retailers expects to make inventory purchases in the next quarter as follows: April $58,200 May 70,000 June 97,700 Prior experience has shown that
Duffy Dog Retailers expects to make inventory purchases in the next quarter as follows:
April | $58,200 | |
May | 70,000 | |
June | 97,700 |
Prior experience has shown that 70 percent of a months purchases are paid in the month of purchase and 30 percent are paid in the month following purchase. March purchases were $51,900. Estimate cash disbursements related to purchases for April, May, and June.
Cash disbursements for purchases | April | May | June | ||
Payment of March purchases | $ | $ | $ | ||
Payment of April purchases | |||||
Payment of May purchases | |||||
Payment of June purchases | |||||
$ | $ | $ |
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