The following information applies to Brandon Company: Purchases ...
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Accounting
The following information applies to Brandon Company:
Purchases
Sales
January
$160,000
$100,000
February
160,000
200,000
March
160,000
240,000
April
140,000
300,000
May
140,000
260,000
June
120,000
240,000
Brandon pays for 40% of purchases in cash at the time of purchase and 30% in each of the next 2 months. Purchases for the previous November and December were $150,000 per month. Payroll is 10% of sales in the month it occurs, and operating expenses are 20% of the following months sales (July sales were $220,000). Interest payments were $20,000 paid quarterly in January and April. Brandons cash disbursements in total for the month of April were __________?
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