The Bag Corporation is a distributor of high-end golf bags. In the past, The Bag Corporation produced and sold the golf bags. Over time, they realized it was cheaper to buy the golf bags fully assembled and resell them to the public, therefore eliminating their need for a manufacturing plant. The Bag Corporation pays $80 per golf bag and sells them for $200.

Prepare a 2024 Cash Disbursements Budget for The Bag Corporation. The Bag Corporation pays for the golf bags on credit but must make full payment within 30 days. All Administrative, Marketing and Storage/Distribution expenses are paid in the current month.

NOTES:

1. Partial golf bags cannot be purchased or sold; therefore, you should round up and use whole numbers for all budget calculations. 2. Spreadsheet software must be used. Calculations must be done using the spreadsheet software using formulas. Do not plug in numbers.