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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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