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Steering Retailers expects to make inventory purchases in the next quarter as follows: ...

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Accounting

Steering Retailers expects to make inventory purchases in the next quarter as follows:
April $64,500
May 74,800
June 99,300
Prior experience has shown that 60 percent of a months purchases are paid in the month of purchase and 40 percent are paid in the month following purchase. March purchases were $55,600. Estimate cash disbursements related to purchases for April, May, and June.
Cash disbursements for purchases April May June
Payment of March purchases $

$

$

Payment of April purchases

Payment of May purchases

Payment of June purchases

$

$

$

Q

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