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

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...
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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.
)
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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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