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Question 21 -/1 View Policies Current Attempt in Progress Coronado Design provided the following budgeted information for April through July: May July June April $104300 $123000 $114800 $131500 Projected sales Projected merchandise purchases $81900 $92100 $78500 $66100 . The cash balance on June 1 is $12200. The company pays 40% of merchandise purchases in the month purchased and 60% in the following month. . General operating expenses are budgeted to be $30900 per month of which depreciation is $2900 of this amount. Management pays operating expenses in the month incurred. .The company makes loan payments of $3700 per month of which $610 is interest and the remainder is principal. How much are budgeted cash disbursements for June? O $124770. O $118360. O $86660. O $90170. ) 1 hp f holl 2 44 home delete prt sc 6 7 um backspace P K s N M I

Question 21 -/1 View Policies Current Attempt in Progress Coronado Design provided the following budgeted information for April through July: May July June April $104300 $123000 $114800 $131500 Projected sales Projected merchandise purchases $81900 $92100 $78500 $66100 . The cash balance on June 1 is $12200. The company pays 40% of merchandise purchases in the month purchased and 60% in the following month. . General operating expenses are budgeted to be $30900 per month of which depreciation is $2900 of this amount. Management pays operating expenses in the month incurred. .The company makes loan payments of $3700 per month of which $610 is interest and the remainder is principal. How much are budgeted cash disbursements for June? O $124770. O $118360. O $86660. O $90170. ) 1 hp f holl 2 44 home delete prt sc 6 7 um backspace P K s N M I

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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Question 21 -/1 View Policies Current Attempt in Progress Coronado Design provided the following budgeted information for April through July: May July June April $104300 $123000 $114800 $131500 Projected sales Projected merchandise purchases $81900 $92100 $78500 $66100 . The cash balance on June 1 is $12200. The company pays 40% of merchandise purchases in the month purchased and 60% in the following month. . General operating expenses are budgeted to be $30900 per month of which depreciation is $2900 of this amount. Management pays operating expenses in the month incurred. .The company makes loan payments of $3700 per month of which $610 is interest and the remainder is principal. How much are budgeted cash disbursements for June? O $124770. O $118360. O $86660. O $90170. ) 1 hp f holl 2 44 home delete prt sc 6 7 um backspace P K s N M I
Transcribed Image Text:Question 21 -/1 View Policies Current Attempt in Progress Coronado Design provided the following budgeted information for April through July: May July June April $104300 $123000 $114800 $131500 Projected sales Projected merchandise purchases $81900 $92100 $78500 $66100 . The cash balance on June 1 is $12200. The company pays 40% of merchandise purchases in the month purchased and 60% in the following month. . General operating expenses are budgeted to be $30900 per month of which depreciation is $2900 of this amount. Management pays operating expenses in the month incurred. .The company makes loan payments of $3700 per month of which $610 is interest and the remainder is principal. How much are budgeted cash disbursements for June? O $124770. O $118360. O $86660. O $90170. ) 1 hp f holl 2 44 home delete prt sc 6 7 um backspace P K s N M I
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