Mississippi Retailers expects to make inventory purchases in the next quarter as follows: April ....... $60,000 May
Question:
April ....... $60,000
May ....... 70,000
June ....... 95,000
Prior experience has shown that 30 percent of a month’s purchases are paid in the month of purchase and 70 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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https://www.sciencedirect.com/science/article/abs/pii/S0950061816314349
https://www.sciencedirect.com/science/article/abs/pii/S0950061819319397
https://www.sciencedirect.com/science/article/pii/S2452321617302184
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