Question: A city is preparing its cash forecast for the month

A city is preparing its cash forecast for the month of July. Based on the following information, com-pute the estimated cash disbursements for July.
Items vouchered in July................... $ 650,000
Estimated payments in July for items vouchered in July........ 50%
Items vouchered in June................... $ 400,000
Estimated payments in July for all items vouchered in June...... 70%
Estimated payments in July for items vouchered prior to June...... $ 50,000
Items vouchered in June but returned in July before payment was made.. $20,000.


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  • CreatedDecember 30, 2014
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