Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 15 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the month of sale. Additionally, a monthly lease payment of $14,000 is paid for computer services. Sales revenue is forecast as follows.

Month	Sales Revenue
February	$170,000
March	210,000
April	220,000
May	260,000
June	240,000
July	280,000

Required Prepare a schedule of cash disbursements for April, May, and June.

Answer rating: 100% (QA)

To prepare a schedule of cash disbursements for April May and June for Timber Company we need to con... View the full answer