Riverbed, Inc. provided the following information: July August Projected sales $240,000 $280,000 Projected merchandise purchases...
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Riverbed, Inc. provided the following information: July August Projected sales $240,000 $280,000 Projected merchandise purchases $152,000 $190,000 . Riverbed estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Riverbed pays for 30% of merchandise purchases in the month purchased and 70% in the following month. General operating expenses are budgeted to be $20,000 per month, including depreciation of $2,200. Riverbed pays operating expenses in the month incurred. Riverbed makes loan payments of $3,000 per month of which $450 is interest and the remainder is principal. Calculate Riverbed's budgeted cash disbursements for August. Budgeted Cash Disbursements $ $
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