Morrison Inc. projected the following for March:
$
Credit sales
Collections from customers
March accrued wages
Cost of goods sold
Depreciation expense
Proceeds from sale of plant asset
Beginning cash balance, March
Loan repayments of which $ is interest
Current period cash operating expenses
Payment of dividends
Accounts payable is used only for merchandise purchases. Merchandise is paid for
during the month acquired with the balance in the month that follows.
Acquisitions are:
$
February merchandise purchases
March merchandise purchases
April merchandise purchases
How much are budgeted cash disbursements for March?
a $
b $
c $
d $
