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The following data have been taken from the budget reports of Brandon company, a merchandising company. Purchases Sales January $190,000 $130,000 February $190,000 $230,000 March

The following data have been taken from the budget reports of Brandon company, a merchandising company.

Purchases Sales
January $190,000 $130,000
February $190,000 $230,000
March $190,000 $270,000
April $170,000 $330,000
May $170,000 $290,000
June $150,000 $270,000

Fifty percent of purchases are paid for in cash at the time of purchase, and 25% are paid for in each of the next two months. Purchases for the previous November and December were $180,000 per month. Employee wages are 15% of sales for the month in which the sales occur. Selling and administrative expenses are 25% of the following month's sales. (July sales are budgeted to be $250,000.) Interest payments of $25,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of April would be:

rev: 10_27_2011
$230,000
$170,000
$327,000
$277,500

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