Stage 2: Cash Disbursements

Payables period is 45 days, so half of the purchases will be paid for each quarter, while the rest was paid during the previous quarter when the order is initially made

Beginning payables = $125

Remember to round the second $162.5 value down, and work column by column again

	Q1	Q2	Q3	Q4
Payment of accounts		313		338
Wages, taxes and other expenses				240
Capital expenditures
Interest and dividend payments
Total cash disbursements				628