Cascade Ltd a merchandising firm is preparing its cash budge
Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following information is available concerning its inventories:
Inventories at beginning of March $ 408,750
Estimated purchases for March 1,602,000
Estimated cost of goods sold for March 1,639,000
Estimated payments in March for purchases in February 401,000
Estimated payments in March for purchases prior to February 73,000
Estimated payments in March for purchases in March 70%
Required: What are the estimated cash disbursements in March?
Solution
question is not very clear sir,,
but still i think it will be
401000+73000+70% of 1602000
474000+1121400
=1595400
