Hallmart expects to make inventory purchases in the next three months as follows: $$\begin{array} { l r }
\text { April } & \$ 56,000 \
\text { May } & 80,000 \
\text { June } & 90,000
\end{array}$$ Prior experience has shown that 35% of a month's purchases are paid in the month of purchase and 65% in the month following purchase.March purchases were $65,000.How much are cash disbursements for purchases during May?

Question

Hallmart expects to make inventory purchases in the next three months as follows: $$\begin{array} { l r } 
\text { April } & \$ 56,000 \
\text { May } & 80,000 \
\text { June } & 90,000
\end{array}$$ Prior experience has shown that 35% of a month's purchases are paid in the month of purchase and 65% in the month following purchase.March purchases were $65,000.How much are cash disbursements for purchases during May?

Quizplus · Accepted Answer

The Answer of Hallmart expects to make inventory purchases in the next three months as follows: $$\begin{array} { l r } 
\text { April } & \$ 56,000 \
\text { May } & 80,000 \
\text { June } & 90,000
\end{array}$$ Prior experience has shown that 35% of a month's purchases are paid in the month of purchase and 65% in the month following purchase.March purchases were $65,000.How much are cash disbursements for purchases during May?

Hallmart Expects to Make Inventory Purchases in the Next Three April $56,000 May 80,000 June 90,000\begin{array} { l r } \text { April } & \$ 56,000 \\\text { May } & 80,000 \\\text { June } & 90,000\end{array} April May June ​$56,00080,00090,000​

Hallmart Expects to Make Inventory Purchases in the Next Three $\begin{array} { l r } \text { April } & \$ 56,000 \\\text { May } & 80,000 \\\text { June } & 90,000\end{array}$