Fischer, Inc. provided the following information:
$\bullet$Fischer pays 40% of merchandise purchases in the month purchased and 60% in the following month.
$\bullet$General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Fischer pays operating expenses in the month incurred.
Instructions
Calculate Fischer's budgeted cash disbursements for May.

Question

Fischer, Inc. provided the following information:  
$\bullet$Fischer pays 40% of merchandise purchases in the month purchased and 60% in the following month.
$\bullet$General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Fischer pays operating expenses in the month incurred.
Instructions
Calculate Fischer's budgeted cash disbursements for May.

Quizplus · Accepted Answer

The Answer of Fischer, Inc. provided the following information:  
$\bullet$Fischer pays 40% of merchandise purchases in the month purchased and 60% in the following month.
$\bullet$General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Fischer pays operating expenses in the month incurred.
Instructions
Calculate Fischer's budgeted cash disbursements for May.

Fischer, Inc ∙\bullet∙ Fischer Pays 40% of Merchandise Purchases in the Month Purchased

Fischer, Inc $\bullet$ Fischer Pays 40% of Merchandise Purchases in the Month Purchased