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Evergreen Furniture, a retailing company, Is preparing the cash budget for August. The following Inventory Information is available: Estimated payments in August for purchases
Evergreen Furniture, a retailing company, Is preparing the cash budget for August. The following Inventory Information is available: Estimated payments in August for purchases in August 70% Estimated purchases for August Estimated cost of goods sold for August Estimated payments in August for purchases in July Estimated payments in August for purchases prior to July Inventories at beginning of August Required: What are the estimated cash disbursements In August? Estimated cash disbursements $ 2,436,000 2,580,000 684,000 168,000 666,000
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