The Cookie Shop's purchases are equal to 68 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: April May June Sales $ 7,600 $ 7,900 $ 8,300 Other expenses 2,000 2,050 2,300 Interest and taxes 430 440 460 What are the company's total cash disbursements for May?

The Cookie Shop's purchases are equal to 68 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: What are the company's total cash disbursements for May? Multiple Choice $8,404 $7,658 $7,862 $7,598 $8,134