Question
The Benton Antique Mall expects to make purchases in the first quarter of 2018 as follows: January $87,300 February 99,000 March 81,000 Purchases in December
The Benton Antique Mall expects to make purchases in the first quarter of 2018 as follows:
January $87,300
February 99,000
March 81,000
Purchases in December 2017 are expected to be $90,000. The company expects that 55 percent of a month's purchases will be paid in the month of purchase and 45 percent will be paid in the following month.
Estimate cash disbursements related to purchases for each month of the first quarter of 2018.
Cash disbursements for purchases January February March
Payment of December purchases $_____________ $_____________ $______________
Payment of January purchases _______________ _______________ _______________
Payment of February purchases _______________ _______________ _______________
Payment of March purchases _______________ _______________ _______________
$______________ $______________ $______________
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