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The Cookie Shop's purchases are equal to 64 percent of the following month's sales. The accounts payable period for purchases is 30 days while all
The Cookie Shop's purchases are equal to 64 percent of the following month's sales. The accounts payable period for purchases is 30 days while all other expenditures are paid in the month they are incurred. Assume each month has 30 days. The company has compiled the following information Sales other expenses Interest and taxes April May $8,5ee $8,800 2,675 2,725 52e53e June $9,200 2,975 Sse What are the company's total cash disbursements for May? $8,635 $8,695
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