Question
he Foress Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $112,100 February 141,600 March 100,300 Purchases in December
he Foress Antique Mall expects to make purchases in the first quarter of 2021 as follows:
January | $112,100 | |
February | 141,600 | |
March | 100,300 |
Purchases in December 2020 are expected to be $107,800. The company expects that 50 percent of a months purchases will be paid in the month of purchase and 50 percent will be paid in the following month. Estimate cash disbursements related to purchases for each month of the first quarter of 2021.
Cash disbursements for purchases | January | February | March | |||
Payment of December purchases | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||
Payment of January purchases | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||
Payment of February purchases | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||
Payment of March purchases | enter dollar amount | enter dollar amount | enter a dollar amount |
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