Sheffield, Inc. provided the following information: Projected sales Projected merchandise purchases 0 July Budgeted Cash Disbursements $238,000 $ $152,000 Sheffield estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Sheffield pays for 20% of merchandise purchases in the month purchased and 80% in the following month. General operating expenses are budgeted to be $24,000 per month, including depreciation of $1,600. Sheffield pays operating expenses in the month incurred. Sheffield makes loan payments of $4,000 per month of which $550 is interest and the remainder is principal. August $274,000 $190,000 Calculate Sheffield's budgeted cash disbursements for August.

Sheffield, Inc, provided the following information: - Sheffield estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are cstimated to be bad debts. - Sheffield pays for 20% of merchandise purchases in the month purchased and 80% in the following month. - General operating expenses are budgeted to be $24,000 per month, including depreciation of $1,600. Sheffield pays operating: expenses in the month incurred. - Sheffield makes loan payments of $4,000 per month of which $550 is interest and the remainder is principal Calculate Sheffield's budgeted cash disbursements for August. Budgeted Cash Disbursements