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Accounting

Crush Can Inc. provided the following information:

April May June

Projected merchandise purchases $184,000 $156,000 $132,000

Crush Can pays 40% of merchandise purchases in the month purchased and 60% in the following month.

General operating expenses are budgeted to be $62,000 per month of which depreciation is $8,000 of this amount. Hoover pays operating expenses in the month incurred.

Crush Can makes loan payments of $7,000 per month of which $700 is interest and the remainder is principal.

Instructions: Calculate budgeted cash disbursements for June.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91356802

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