Mississippi Retailers expects to make inventory purchases in the next quarter as follows: April ............................$60,000 May ..............................70,000
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April ............................$60,000
May ..............................70,000
June ..............................95,000
Prior experience has shown that 70 percent of a month's purchases are paid in the month of purchase and 30 percent are paid in the month following purchase. March purchases were $55,000.
Required
Estimate cash disbursements related to purchases for April, May, and June.
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