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The company pays 25% in the month of it's purchases of inventory. The balance is paid in the following month. All operating expenses are paid
The company pays 25% in the month of it's purchases of inventory. The balance is paid in the following month.
All operating expenses are paid in the month they are due.Given this data, what are the expected cash disbursements for December?
October purchases$100,000December purchases$120,000November purchases$50,000January purchases$200,000December Operating Expenses:Salaries$40,000Rent & utilities$1,500Selling$5,000Depreciation$2,000Promotion$500Administration$2,500
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