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The Cookie Stop's purchases are equal to 60 percent of the following month's sales. The accounts payable period for purchases is 30 days while all

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The Cookie Stop's purchases are equal to 60 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 $6,800 $7.100 $7.500 Other expenses 1,400 1.550 1.700 Interest and taxes 350 360 380 What is the total amount of the firm's disbursements for the month of May

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