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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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Explanation: Economic policies made by the government in other to encourage the sale and marketing of it's product or derivative of the nation's natural resources beyond the local market, allowing foreign or international trading of goods produced locally. With export promotion, commodity export which often involves selling raw materials as is, developing countries can take advantage of the several derivatives of a certain raw material before preparing for export which will boost revenue and also ensure that the local market get more in return. Export promotion strategies has allowed local industries sit up and rise to the challenge and compete with foreign rivals in the processing, production and manufacturing of goods.

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Explanation:

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