What would be the cash disbursements for month 3? Description Month 1 Month 2 Month 3 Month 4 Material Purchases $ 175,000.00 $ 185,000.00 $ 215,000.00 $ 190,000.00 Amount paid in month of purchase65.00% Amount paid in month after purchase30.00% Amount paid two months after purchase5.00% Discounts in month of purchase3.50% Discount in month after purchase1.00% Total Cash disbursements in month 3 Show your work below Description Month 1 Month 2 Month 3

Cash budget is a process of estimating cash receipt and payment for the upcoming period. This helps…

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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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Combong.bangibnsaEX 22-18 V Total cash collected in July, $163,050 Schedule of cash collections of accounts receivable OBJ. 5 Pet Place Supplies Inc., a pet wholesale supplier, was organized on May 1, 2016. Projected sales for each of the first three months of operations are as follows: May $134,000 June 155,000 00 July 169,000 All sales are on account. Sixty-five percent of sales are expected to be collected in boxit the month of the sale, 30% in the month following the sale, and the remainder in the e second month following the sale. ni vionel SHOW Prepare a schedule indicating cash collections from sales for May, June, and July. ME HOW
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Асcount Typе Opening Deposit Rate(APR) APY Checking - Variable Rate $0 0.25% 0.25% Money Market - Variable Rate $250.00 1.00% 1.01% Summer Cash - Variable Rate $0 0.99% 1.00% Holiday Cash - Variable Rate $0 0.75% 0.75%

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What would be the cash disbursements for month 3?

Description	Month 1	Month 2	Month 3	Month 4
Material Purchases	$ 175,000.00	$ 185,000.00	$ 215,000.00	$ 190,000.00

Amount paid in month of purchase	65.00%
Amount paid in month after purchase	30.00%
Amount paid two months after purchase	5.00%
Discounts in month of purchase	3.50%
Discount in month after purchase	1.00%

Total Cash disbursements in month 3

Show your work below
Description	Month 1	Month 2	Month 3