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Runner Retailers expects to make inventory purchases in the next quarter as follows: April $60,600 May 72,000 June 99,300 Prior experience has shown that 60
Runner Retailers expects to make inventory purchases in the next quarter as follows:
April | $60,600 | |
May | 72,000 | |
June | 99,300 |
Prior experience has shown that 60 percent of a months purchases are paid in the month of purchase and 40 percent are paid in the month following purchase. March purchases were $53,800. Estimate cash disbursements related to purchases for April, May, and June.
Cash disbursements for purchases | April | May | June | ||
Payment of March purchases | $ | $ | $ | ||
Payment of April purchases | |||||
Payment of May purchases | |||||
Payment of June purchases | |||||
$ | $ | $ |
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