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pls I need the correct answer and just be answered in a table format. thanks ABC pays for 50% of the month's inventory purchases in
pls I need the correct answer and just be answered in a table format. thanks
ABC pays for 50% of the month's inventory purchases in the month of purchase. They pay the remainder in the month following the purchase. Selling and administrative expenses in June will be $10,000, and a 2% increase is expected for later months. Monthly depreciation is $5,000. ABC has an outstanding line of credit for $14,000. They must pay interest each month, and the annual rate is 6%. ABC has budgeted an income tax payment in July of $5,000 as well as an equipment purchase of $15,000. Of this purchase price, $7,500 will be borrowed by issuing a one year 8% note payable. Instructions Provide a table that indicates budgeted cash disbursements for July. Your last row should be the total cash outlay for July. Activate Windows Go to Settings to activate Wind
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