In preparing its cash budget for May, Ben Co made the following projections Sales $3,000,000 Gross margin (based on sales) 25 Decrease in inventories $140,000 Increase in accounts payable for inventories $240,000 For May, How much were the estimated cash disbursements for inventories (purchases fro...

To calculate the estimated cash disbursements for inventories ...

In preparing its cash budget for May, Ben Co. made the following projections: Sales $3,000,000 Gross margin

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In preparing its cash budget for May, Ben Co. made the following projections:

Sales	$3,000,000
Gross margin (based on sales)	25%
Decrease in inventories	$140,000
Increase in accounts payable for inventories	$240,000

For May, How much were the estimated cash disbursements for inventories (purchases from suppliers)?

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Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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Posted Date: Feb 27, 2024 04:00 AM

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In preparing its cash budget for May, Ben Co. made the following projections: Sales $3,000,000 Gross margin

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Fundamentals of Corporate Finance

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