what is cash disbursement?

L-2 4-Chieter 11-How-C Send Help Required information TES-699 Inc. is a retalec Its accountants are preparing the company's 2nd quarter master budget. The company has the following balance sheet as of March 31 TES-499 Inc. Salance Sheet March 31 Assets Cash $92,000 Accounts receivable 130,000 Inventory 48,500 216,000 Plant and equipment, net af depreciation Total assets $ 406,600 Liabilities and Stockholders Equity Accounts payable Common stock $27,000 329,000 30,000 Retained earnings Tatal Liabilities and stockholders equity $400,000 TES-609 accountants have made the following estimates: 1 Sales for Apr May June, and July will be $270.000 $250,000 $280.000 and $300,000, respectively 2. All sales are on creat Each month's credit sales are collected 35% in the month of sale and 65% in the month following the sale All of the accounts receivable at March 31 will be collected in Apr 1 Each moners ending inventory est equal 30% of next month's cost of goods sold. The cost of goods sold is 60% of sales The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the money following the purchase. At of the accounts piyable at March 31 are related to previous merchandise purchases and will be paid in Apr & Monthly selling and administrative expenses are always $50.000. Each month $5,000 of mis sotal amount is depreciation expense and the remaining 145,000 spent for expenses that are paid in the month they are incred s. The company will not bon money or pay or declare dividends during the 2nd quarter the company will not sue any common stOCK OF purchase its own stock during the 2nd (P 456 JU Next * W E D ng 2022 0 S X H and -Sack R F V 5 T B H U N 8 3 1 M $ K 124 O s D L P 3.yu 1 A M 26 command option 34- Save & Ext Y Su Lecture on 5-12.mp4 6-Chapter 11-Homework-C... Review of May 20.mp4 Saved Help Required information TES-699 Inc. is a retailer. Its accountants are preparing the company's 2nd quarter master budget. The company has the following balance sheet as of March 31. TES-699 Inc. Balance Sheet March 31 Assets Cash $ 92,000 Accounts receivable 130,000 Inventory Plant and equipment, net of depreciation 48,600 216,000 Total assets $ 486,600 Liabilities and Stockholders' Equity Accounts payable Common stock 77,000 329,000 80,600 Retained earnings Total liabilities and stockholders' equity $486,600 TES-699 accountants have made the following estimates: 1. Sales for April, May, June, and July will be $270,000, $290,000, $280,000, and $300,000, respectively. 2. All sales are on credit. Each month's credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts receivable at March 31 will be collected in April. 3. Each month's ending inventory must equal 30% of next month's cost of goods sold. The cost of goods sold is 60% of sales, The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at March 31 are related to previous merchandise purchases and will be paid in April. 4. Monthly selling and administrative expenses are always $50.000. Each month $5,000 of this total amount is depreciation expense and the remaining $45,000 is spent for expenses that are paid in the month they are incurred. 5. The company will not borrow money or pay or declare dividends during the 2nd quarter. The company will not issue any common stock or repurchase its own stock during the 2nd quarter. 80