Martinez, Inc. provided the following information:

Projected merchandise purchases

MARCH $69,000

APRIL $75,500

MAY $84,500 

Martinez pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month

General operating expenses are budgeted to be $20,500 per month of which depreciation is $2,300 of this amount. 

Martinez pays operating expenses in the month incurred.

Calculate Martinez’s budgeted cash disbursements for May. 

Answer rating: 100% (QA)

To calculate Martinez Incs budgeted cash disbursements for May we need to consider merchandise purch... View the full answer