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Ellot Sprinkler Systems produces equipment for lawn irrigation. One of the parts used in selected Eliot equipment is a speciaity nozze. The budgeting team is
Ellot Sprinkler Systems produces equipment for lawn irrigation. One of the parts used in selected Eliot equipment is a speciaity nozze. The budgeting team is now determining the purchase requirements ond monshly cash disbursements for this part. Eliot wishes to have in stock enough nozzles to use for the coming month. On August 1 , the company has 16.900 nozzies in stock, although the latest estimate for August peoduction indicates a requirement for only 15,200 nozzles. Total uses of the nozzie are expected to be 14.900 in September and 15.740 in Octobet. Nozzies are purchosed at a wholesale price of \$9. Eliot pays 25 percent of the purchase price in cash in the month when the parts are delivered. The remaining 75 percent is paid in the following month. El ot purchased 22.000 parts in July. Required: a. Estimate purchoses of the nozzie (in units) for August and Septembec. b. Estimate the cash disbursements for nozzles in August and September. Complete this question by entering your answers in the tabs below. Estimate purchases of the nozzle (in units) for August and September
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