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The following budget information pertains to Flores Corp: Month July August September October November Sales $255,000 289,000 323,000 357,000 408,000 Cash is collected from customers
The following budget information pertains to Flores Corp: Month July August September October November Sales $255,000 289,000 323,000 357,000 408,000 Cash is collected from customers in the following manner: Month of sale 30% Month following sale 50% Two months following sale 15% Amount uncollectible 5% Purchase costs are 70% of Sales. Purchase terms are 2/15, net 30. Flores's policy is to take advantage of all discounts for early payments. 40% of purchases are paid for in cash in the month of purchase, and the remaining balance is paid the following month. Calculate the budgeted cash disbursements for September. Calculate intermediate calculations to two decimals, round solution to dollars. Multiple Choice following month. Calculate the budgeted cash disbursements for September. Calculate intermediate calculations to two decimals, round solution to dollars. Multiple Choice $ 235,572 $ 226,100 $211,820 $ 207,584 Prey 6 of 6
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