Business, 23.10.2021 02:30, matius0711

A company has budgeted direct materials purchases of $340000 in July and $500000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: Wages Expense $130000
Purchase of office equipment 70000
Selling and Administrative Expenses 47000
Depreciation Expense 34000

The budgeted cash disbursements for August are

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A company has budgeted direct materials purchases of $340000 in July and $500000 in August. Past exp...