1. All the factors is constant. Does,decrease in working capital is bad or good news?

9. NBR Ltd provided the following information: May June July Budgeted direct materials purchase 70,000 60,000 80,000 The company pays 60% of direct materials purchases in the month of purchase and 40% in the month following the purchase. Operating expenses are budgeted to be 18,000 per month which includes depreciation of 2,000. The company pays operating expenses in the month incurred. Required: Calculate NBR's budgeted cash disbursements for July. (4 marks)