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Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following information is available concerning its inventories:
| | | | |
| Inventories at beginning of March | $ | 358,750 | |
| Estimated purchases for March | | 1,405,000 | |
| Estimated cost of goods sold for March | | 1,438,000 | |
| Estimated payments in March for purchases in February | | 353,000 | |
| Estimated payments in March for purchases prior to February | | 65,000 | |
| Estimated payments in March for purchases in March | | 70 | % |
| |
Required:
What are the estimated cash disbursements in March?
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