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Ayayai, Inc. provided the following information: March April May Projected merchandise purchases $60,000 $74,000 $80,000 • Ayayai pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month. • General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Ayayai pays operating expenses in the month incurred. Calculate Ayayai's budgeted cash disbursements for May. Budgeted cash disbursements $

Ayayai, Inc. provided the following information: March April May Projected merchandise purchases $60,000 $74,000 $80,000 • Ayayai pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month. • General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Ayayai pays operating expenses in the month incurred. Calculate Ayayai's budgeted cash disbursements for May. Budgeted cash disbursements $

FINANCIAL ACCOUNTING
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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Ayayai, Inc. provided the following information: March April May Projected merchandise purchases $60,000 $74,000 $80,000 • Ayayai pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month. • General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Ayayai pays operating expenses in the month incurred. Calculate Ayayai's budgeted cash disbursements for May. Budgeted cash disbursements $
Transcribed Image Text:Ayayai, Inc. provided the following information: March April May Projected merchandise purchases $60,000 $74,000 $80,000 • Ayayai pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month. • General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Ayayai pays operating expenses in the month incurred. Calculate Ayayai's budgeted cash disbursements for May. Budgeted cash disbursements $
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