Question
The Oak Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $93,100February 117,600March 83,300 Purchases in December 2020 are
The Oak Antique Mall expects to make purchases in the first quarter of 2021 as follows:
January $93,100February 117,600March 83,300
Purchases in December 2020 are expected to be $89,800. The company expects that 50 percent of a months purchases will be paid in the month of purchase and 50 percent will be paid in the following month.
Estimate cash disbursements related to purchases for each month of the first quarter of 2021.
Cash disbursements for purchases
January
February
March
Payment of December purchases
$enter a dollar amount
$enter a dollar amount
$enter a dollar amount
Payment of January purchases
enter a dollar amount
enter a dollar amount
enter a dollar amount
Payment of February purchases
enter a dollar amount
enter a dollar amount
enter a dollar amount
Payment of March purchases
View Policies Current Attempt in Progress The Oak Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $93,100 February 117,600 March 83,300 Purchases in December 2020 are expected to be $89,800. The company expects that 50 percent of a month's purchases will be paid in the month of purchase and 50 percent will be paid in the following month. Estimate cash disbursements related to purchases for each month of the first quarter of 2021. Cash disbursements for purchases January Feb Payment of December purchases Payment of January purchases Payment of February purchases Payment of March purchases $ e Textbook and Media Save for Later
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