The Cookie Shop's purchases are equal to 67 percent of the following month's sales. The...
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Finance
The Cookie Shop's purchases are equal to 67 percent of the following month's sales. The accounts payable period for purchases is 30 days while all other expenditures are paid in the month they are incurred. Assume each month has 30 days. The company has compiled the following information.
April
May
June
Sales
$
8,200
$
8,500
$
8,900
Other expenses
2,450
2,500
2,750
Interest and taxes
490
500
520
What are the company's total cash disbursements for May?
$8,963
$9,233
$8,695
$8,494
$8,434
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