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ones Law Firm has the following budget information for cash flows. August September October November December Expected Billings $ 96,147 $ 76,209 $ 73,601 $
ones Law Firm has the following budget information for cash flows.
| August | September | October | November | December | |||||||||
| Expected Billings | $ 96,147 | $ 76,209 | $ 73,601 | $ 74,405 | $ 95,522 | ||||||||
| Expenses Incurred | $ 49,623 | $ 48,163 | $ 49,550 | $ 36,935 | $ 23,435 | ||||||||
| Collections: Month Billed | 21 percent | ||||||||||||
| Collections: 1 Month after Billing | 49 percent | ||||||||||||
| Collections: 2 Months after Billing | 24 percent | ||||||||||||
| Payments: Month Expense Incurred | 28 percent | ||||||||||||
| Payments: 1 Month after Expense Incurred | 60 percent | ||||||||||||
| Payments: 2 Months after Expense Incurred | 3 percent | ||||||||||||
What is the Expected Cash Disbursement for November?
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, Kung Chen, Thomas Lin
1st Edition
0070059160, 978-0070059160
