Beal Inc. provided the following information:
Beal pays 40% of merchandise purchases in the month purchased and 60% in the following month.
General operating expenses are budgeted to be $20000 per month of which depreciation is $2000 of this amount. Beal pays operating expenses in the month incurred.
Instructions
Calculate Beal's budgeted cash disbursements for May.
Correct Answer:
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