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Intro Estimated purchases for the next four months are as follows (in $ million): Month 1 2 3 4 Purchases 51 52.02 53.06 54.12 The

Intro

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

Month 1 2 3 4
Purchases 51 52.02 53.06 54.12

The firm pays 20% of purchases in the month of the purchase and the remainder in the following month.

Attempt 1/10 for 8.5 pts.

Part 1

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

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Attempt 1/10 for 8.5 pts.

Part 2

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

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