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The Cookie Shop's purchases are equal to 6 2 percent of the following month's sales. The accounts payable period for purchases is 3 0 days
The Cookie Shop's purchases are equal to percent of the following month's sales. The accounts payable period for purchases is days while all other expenditures are paid in the month they are incurred. Assume each month has days. The company has compiled the following information:
April May June
Sales $ $ $
Other expenses
Interest and taxes
What are the company's total cash disbursements for May?
Multiple Choice
$
$
$
$
$
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