Fraser's Ridge, Inc. is a retailer of building supplies in North Carolina. In the current...
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Accounting
Fraser's Ridge, Inc. is a retailer of building supplies in North Carolina. In the current year, actual May sales revenue totaled $ and the cost of these sales was $ June sales are expected to increase by over the sales of May, and July sales are expected to be grow by over the sales of June. August sales are anticipated to be $ Prices are set to achieve a gross profit.
The company wants to maintain a safety stock in their ending inventory equal to of next month's cost of sales. The ending inventory requirement was met at the end of May. Accounts payable consist solely of inventory purchases. Purchases from suppliers carry payment terms of net What are Fraser's Ridge's expected cash disbursements in August?
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