Olivia Incorporated is working on its Materials Cash Disbursements Budget and is trying to determine...
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Olivia Incorporated is working on its Materials Cash Disbursements Budget and is trying to determine how much cash it will spend for materials in Quarter According to their budget standards, they pay for of their materials purchased in the quarter in which the materials are received and in the following quarter. They anticipate Accounts Payable for Materials prior year of $ Material Purchases in Q of $ Material Purchases in Q of $ Material Purchases in Q of $ and Material Purchases in Q of $
What will their Total Cash Disbursements for Materials be for Quarter of next year?
Use the sample Materials Cash Disbursements Budget below to help calculate your answer.
Quarter Quarter Quarter Quarter Year
Accounts Payable, January $
Purchases, Quarter
Purchases, Quarter
Purchases, Quarter
Purchases, Quarter
Total cash disbursements for materials
Answer & Explanation
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