1. What are the estimated cash disbursements for inventories in April? AFK Company is preparing its cash budget for the month of April. The followinginformation is available concerning its inventories:Inventories, April 1Estimated purchases for AprilEstimated cost of goods sold for AprilEstimated payments in April for purchases in MarchEstimated payments in April for purchases prior to MarchEstimated payments in April for purchases in AprilP 90,000440,000450,00075,00020,00075%

Estimated payments in April for purchases in April = Estimated purchases for April x 75% = P440,000…

Answered: AFK Company is preparing its cash…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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