-/1 View Policies Current Attempt in Progress Scan Design provided the following budgeted information for April through July: July June May April $104,000 $123,000 $115,000 $132,000 Projected sales Projected merchandise purchases $82,000 $92,000 $78,000 $66,000 .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? O $63,200. O $86,400. O $118.400. $102,800. 8:38 P 11/27/2 hp fa4+ f12 SU prt sc A delete home end & 7 num backspace lock home K 4 enter I
-/1 View Policies Current Attempt in Progress Scan Design provided the following budgeted information for April through July: July June May April $104,000 $123,000 $115,000 $132,000 Projected sales Projected merchandise purchases $82,000 $92,000 $78,000 $66,000 .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? O $63,200. O $86,400. O $118.400. $102,800. 8:38 P 11/27/2 hp fa4+ f12 SU prt sc A delete home end & 7 num backspace lock home K 4 enter I
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:-/1
View Policies
Current Attempt in Progress
Scan Design provided the following budgeted information for April through July:
July
June
May
April
$104,000 $123,000 $115,000 $132,000
Projected sales
Projected merchandise purchases $82,000 $92,000 $78,000 $66,000
.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?
O $63,200.
O $86,400.
O $118.400.
$102,800.
8:38 P
11/27/2
hp
fa4+
f12
SU
prt sc
A
delete
home
end
&
7
num
backspace
lock
home
K
4
enter
I
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