Question: Mathison Enterprises has a balance in accounts payable of
Mathison Enterprises has a balance in accounts payable of $ 34,500 at the beginning of the budgeting period. Mathison expects to purchase $ 890,000 of direct materials during the period and intends to pay its suppliers for amounts owed from last period plus 90 percent of material purchases during the budgeted period. What is the expected cash disbursement?
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