Business, 03.04.2020 23:42 darius12318
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?
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The cash balance on June 1 is $12,000. The company pays 40% of merchandise purchases in the month pu...
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