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Beal, Inc. provided the following information: April Projected merchandise purchases $65,000 $75,000 ● March Beal pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Beal pays operating expenses in the month incurred. Calculate Beal's budgeted cash disbursements for May. Budgeted cash disbursements $ May $80,000

Beal, Inc. provided the following information: April Projected merchandise purchases $65,000 $75,000 ● March Beal pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Beal pays operating expenses in the month incurred. Calculate Beal's budgeted cash disbursements for May. Budgeted cash disbursements $ May $80,000

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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Beal, Inc. provided the following information: Projected merchandise purchases March April $65,000 $75,000 Budgeted cash disbursements $ Beal pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Beal pays operating expenses in the month incurred. Calculate Beal's budgeted cash disbursements for May. May $80,000
Transcribed Image Text:Beal, Inc. provided the following information: Projected merchandise purchases March April $65,000 $75,000 Budgeted cash disbursements $ Beal pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Beal pays operating expenses in the month incurred. Calculate Beal's budgeted cash disbursements for May. May $80,000
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