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Mega Ltd. has the following budgeted sales and purchases for the first two months of 20x4: Month Budgeted Sales {$) Budgeted Purchases (35) Mega's historical
Mega Ltd. has the following budgeted sales and purchases for the first two months of 20x4: Month Budgeted Sales {$) Budgeted Purchases (35) Mega's historical cash collection and disbursement patterns are as follows: Sales: 40% collected in the month of sale; the remainder collected in the month following the sale. Purchases: 74% paid for in the month purchased; the remainder paid for in the following month. What are the total budgeted cash disbursements for purchases for February 20x4
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