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How much are budgeted cash disbursements for june

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Question - Scan Design provided the following budgeted information for April through July: Projected sales: April= $104,000; May= $123,000; June= $115,000; July= $132,000; Projected merchandise purchases: April= $82,000; May= $92,000; June= $78,000; July= $66,000; The cash balance on June 1 is $12,000. The company pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Management pays operating expenses in the month incurred. The company makes loan payments of $4,000 per month of which $600 is interest and the remainder is principal. How much are budgeted cash disbursements for June?

Reference no: EM132214755

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