Question

The Warrenburg Antique Mall expects to make purchases in the first quarter of 2012 as follows:
January........ $90,000
February ...... 102,000
March ....... 84,000
Purchases in December 2011 are expected to be $93,000. The company expects that 50 percent of a month’s purchases will be paid in the month of purchase and 50 percent will be paid in the following month.

Required
Estimate cash disbursements related to purchases for each month of the first quarter of 2012.



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  • CreatedSeptember 23, 2013
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