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The Cookle Shop's purchases are equal to 63 percent of the following month's sales. The accounts payable period for purchases Is 30 days while all
The Cookle Shop's purchases are equal to 63 percent of the following month's sales. The accounts payable period for purchases Is 30 days while all other expenditures are pald 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 $8,600 2,750 530 May $8,900 2,800 540 June $9,300 3,050 560 What are the company's total cash disbursements for May? Multiple Choice $8.758 $8.698 o $8.947 o $9.199 O $9,469
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