T-Mart purchased $100,000 of merchandise in August and expects to purchase $120,

Question

T-Mart purchased $100,000 of merchandise in August and expects to purchase $120,000 in September. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month Compute cash disbursements for merchandise for September. (Input all amounts as positive values. Omit the "$" sign in your response.) T-MART Cash Disbursements for Merchandise (Budgeted) For The Month Ended September 30 Cash disbursements for September purchases Cash disbursements for August purchases Total cash disbursements

Explanation / Answer

T-Mart Cash Disbursement for Merchandise For the month ended Sep 30 Cash Disbursement for September Purchases 30000 (25% of Sep Purchases) Cash Disbursement for August Purchases 75000 (75% of Aug Purchases) Total Cash Disbursements 105000 Working Note: August Purchases 100000 Sep Purchases 120000 August September In the Month (25%) 25000 30000 In the Following Month (75%) 75000 105000

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