Cedar Co.has forecast purchases to be $330,000 in June,$375,000 in July,$310,000 in August,and $270,000 in September.Purchases average 30% paid in cash,70% on credit.Credit purchases are paid 60% in the month of purchase,30% during the month following,and 10% the second month following the purchase.Cash disbursements in September would be:

Question

Quizplus · Accepted Answer

The Answer of Cedar Co.has forecast purchases to be $330,000 in June,$375,000 in July,$310,000 in August,and $270,000 in September.Purchases average 30% paid in cash,70% on credit.Credit purchases are paid 60% in the month of purchase,30% during the month following,and 10% the second month following the purchase.Cash disbursements in September would be:

Cedar CoHas Forecast Purchases to Be $330,000 in June,$375,000 in July,$310,000