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Handbags Inc , a manufacturer, reported the following information concerning its purchases from suppliers: Month Merchandise Purchases April $450,000 May $250,000 June $230,000 The company
Handbags Inc , a manufacturer, reported the following information concerning its purchases from suppliers:
Month | Merchandise Purchases |
April | $450,000 |
May | $250,000 |
June | $230,000 |
The company pays sixty percent of all purchases in the month of purchase and the remainder the following month. Other cash payment include operating expenses of $ 25,000 per month, insurance payments of $3,000 in April and June. Operating expenses include depreciation of $6,000.
Make an expected cash disbursements for May
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