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Swifty Inc. provided the following information Swifty pays for 4 0 % of merchandise purchases in the month of the purchase and 6 0 %

Swifty Inc. provided the following information Swifty pays for 40% of merchandise purchases in the month of the purchase and 60% in the following month general operating expenses are budgeted to be 30,500 per month of which depreciation is 3500 of this amount Swifty pays operating expenses in the month incurred Swifty makes loan payments of 6000 per month of which 550 is interest and the remainder is principal calculate budgeted cash disbursements for May

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