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Tough Tillers Inc. makes tillers for small farms. Their inventory purchases budget is shown below: Sep purchases $240,000 Oct purchases $309,000 Nov purchases $224,000 25%
Tough Tillers Inc. makes tillers for small farms. Their inventory purchases budget is shown below:
Sep purchases $240,000
Oct purchases $309,000
Nov purchases $224,000
25% of purchases are paid in the month of the purchase. The remainder are paid in the next month. Operating expenses were $192,000 of which $50,000 was depreciation. Tough Tillers will declare and pay a dividend of $13,000.
What should they budget for cash payments in November?
Enter as a whole number, no commas and no dollar signs.
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