Solution-How much is the budgeted amount of cash to be paid

How much is the budgeted amount of cash to be paid

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Reference no: EM132787661

Question - Sheridan Company reported the following information for 2020:

	September	October	November	December	January
Budgeted purchases	$90500	$119400	$128700	$144600	$87400

Operating expenses are: Salaries, $50700; Depreciation, $20800; Rent, $9700; Utilities, $14900.

Operating expenses are paid during the month incurred.

Accounts payable is used only for inventory acquisitions.

Required - How much is the budgeted amount of cash to be paid for operating expenses in November?

Reference no: EM132787661

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How much is the budgeted amount of cash to be paid

Reference no: EM132787661

Reference no: EM132787661

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