Type your questiAshland Corporation, a merchandising firm, is preparing its cash

Question

Type your questiAshland Corporation, a merchandising firm, is preparing its cash budget for October. The following information is available concerning its inventories. Inventories at beginning of October $135,000 Estimated purchases for October 660,000 Estimated costs of goods sold for October 675,000 Estimated payments in October for Purchases in Sept. 165,000 Estimated payments in October for purchases prior to Sept. 30,000 Estimated payment in October for purchases in October 70% What are the estimated cash disbursements in October? on here

Explanation / Answer

Hi, Please find the answer as follows: = 165000 + 30000 + 660000*.70 = 657000 Thanks.

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