All of the accounts payable are for inventory purchases and all inventory items are purchased on account. What are the estimated cash disbursements for inventories for the budget period? Sample format: 1,111,111 NUBD Co., a merchandising firm, is preparing its master budget and has gathered the following data to help budget cash disbursements: Budgeted data: |Cost of goods sold Desired decrease in inventories Desired decrease in accounts payable P1,680,000 P80,000 P150,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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All of the accounts payable are for inventory purchases and all inventory items are purchased
on account. What are the estimated cash disbursements for inventories for the budget period?
Sample format: 1,111,111
NUBD Co., a merchandising firm, is preparing its master budget and has gathered
the following data to help budget cash disbursements:
Budgeted data:
Cost of goods sold
Desired decrease in inventories
Desired decrease in accounts payable
P1,680,000 |
P80,000
P150,000
Transcribed Image Text:All of the accounts payable are for inventory purchases and all inventory items are purchased on account. What are the estimated cash disbursements for inventories for the budget period? Sample format: 1,111,111 NUBD Co., a merchandising firm, is preparing its master budget and has gathered the following data to help budget cash disbursements: Budgeted data: Cost of goods sold Desired decrease in inventories Desired decrease in accounts payable P1,680,000 | P80,000 P150,000
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