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The following selected data pertain to Flagship Corporation: Cash operating expenses July 1-31 $ 182,000 Depreciation 62,000 Merchandise purchases in July 562,000 Estimated payments in
The following selected data pertain to Flagship Corporation:
| Cash operating expenses July 1-31 | $ 182,000 |
|---|---|
| Depreciation | 62,000 |
| Merchandise purchases in July | 562,000 |
| Estimated payments in July for June purchases | 222,000 |
| Estimated payments in July for purchases prior to June | 52,000 |
| Estimated payments in July for purchases in July | 50% |
July's cash disbursements are expected to be:
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