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What planned cash disbursements in the fourth quarter

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Point 1: The Vallejo Company expects purchases for 2018 to be $160,000 in the first quarter, $240,000 in the second quarter, $190,000 in the third quarter, and $300,000 in the last quarter. All purchases are made on credit. 90% of purchases are paid for in the quarter purchased; 10% are paid for in the quarter following purchase. Other cash expenses paid each quarter are: taxes, $40,000; wages, $120,000; rent, $16,000; interest, $4,000; and miscellaneous, $3,000.

Question 1: If the company plans to pay off $20,000 in notes in the fourth quarter of 2018, planned cash disbursements in the fourth quarter will be what?

Reference no: EM132516914

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