Question
TheGoldenAntique Mall expects to make purchases in the first quarter of 2021 as follows: January $108,300 February 136,800 March 96,900 Purchases in December 2020 are
TheGoldenAntique Mall expects to make purchases in the first quarter of 2021 as follows:
January
$108,300
February
136,800
March
96,900
Purchases in December 2020 are expected to be $104,200. The company expects that50percent of a month's purchases will be paid in the month of purchase and50percent will be paid in the following month.
Estimate cash disbursements related to purchases for each month of the first quarter of 2021.
Cash disbursements for purchases January February March
Payment of December purchases$ $ $
Payment of January purchases
Payment of February purchases
Payment of March purchases
Total $ $ $
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