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Elena L [17]
3 years ago
14

Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following information is available concerning i

ts inventories: Inventories at beginning of March $ 368,750 Estimated purchases for March 1,444,000 Estimated cost of goods sold for March 1,478,000 Estimated payments in March for purchases in February 363,000 Estimated payments in March for purchases prior to February 67,000 Estimated payments in March for purchases in March 70 % Required: What are the estimated cash disbursements in March?
Business
1 answer:
Katena32 [7]3 years ago
7 0

Answer:

$1,440,800

Explanation:

The estimated cash disbursement for march is made up of estimated payment  for February purchase to be settled in march, Estimated payments in March for purchases prior to February and 70% purchases in March.

The estimated cash disbursements in March

= $363,000 + $67,000  + (70% * $1,444,000)

= $1,440,800

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