Use the following to answer the question. Sales Purchases Jumbotron Data (All Months have 30 days) December $14,000 $7,000 a. $6,533 b. $5,600 c. $8,000 d. $1,867 January $10,000 $8,700 February $12,000 $6,600 March $8,000 $6,000 Jumbotron Inc. collects its receivables in 15 days and pays its payables in 20 days. All sales and purchases are on credit. All months have 30 days. What was Jumbotron's total cash disbursement in February? (To the nearest S)
Use the following to answer the question. Sales Purchases Jumbotron Data (All Months have 30 days) December $14,000 $7,000 a. $6,533 b. $5,600 c. $8,000 d. $1,867 January $10,000 $8,700 February $12,000 $6,600 March $8,000 $6,000 Jumbotron Inc. collects its receivables in 15 days and pays its payables in 20 days. All sales and purchases are on credit. All months have 30 days. What was Jumbotron's total cash disbursement in February? (To the nearest S)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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