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Estimated purchases for the next four months are as follows (in $ million): Month 1 2 3 4 Purchases 49.98 50.98 52 53.04 The firm

Estimated purchases for the next four months are as follows (in $ million):

Month 1 2 3 4
Purchases 49.98 50.98 52 53.04

The firm pays 90% of purchases in the month of the purchase and the remainder in the following month.

Attempt 1/8 for 10 pts.

Part 1

What are cash disbursements in month 2 (in $ million)?

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Attempt 1/8 for 10 pts.

Part 2

What are cash disbursements in month 3 (in $ million)?

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