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What are the budgeted cash disbursements for June

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Reference no: EM132631898

Question - A company budgeted the following purchases for raw materials:

Month Budget

January $10,000

February $20,000

March $25,000

April $22,000

May $27,000

June $30,000

July $24,000

The company has a policy of paying for 50% of the purchases in the month of purchase, 30% in the month following the purchase, and 20% in the second month following the purchase.

Based on this information, what are the budgeted cash disbursements for June?

Reference no: EM132631898

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