Question: Not sure on how to solve. please solve and explain how you got to the solution Bridgeport the pr mation July August $238,000 $250,000 Projected
Bridgeport the pr mation July August $238,000 $250,000 Projected sales Projected merchandise purchases $154,000 $182,000 Bridgeport estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Bridgeport pays for 20% of merchandise purchases in the month purchased and 80% in the following month. General operating expenses are budgeted to be $20,000 per month, including depreciation of $1.700. Bridgeport pays operating expenses in the month incurred. Bridgeport makes loan payments of $3,000 per month of which $400 is interest and the remainder is principal. . Calculate Bridgeport's budgeted cash disbursements for August. Budgeted Cash Disbursements
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