The Lawn Antique Mall expects to make purchases in the first
quarter of 2018 as follows:
January | $87,700 | |
February | 99,000 | |
March | 82,000 |
Purchases in December 2017 are expected to be $91,000. The company
expects that 55 percent of a month’s purchases will be paid in the
month of purchase and 45 percent will be paid in the following
month.
Estimate cash disbursements related to purchases for each month of
the first quarter of 2018.
Cash disbursements for purchases | January | February | March | |||
Payment of December purchases | $ | $ | $ | |||
Payment of January purchases | ||||||
Payment of February purchases | ||||||
Payment of March purchases | ||||||
$ | $ | $ |
Cash Payments Schedule | ||||
January | February | March | Quarter | |
December Purchases | $ 40,950 | $ 40,950 | ||
January Purchases | $ 48,235 | $ 39,465 | $ 87,700 | |
February Purchases | $ 54,450 | $ 44,550 | $ 99,000 | |
March Purchases | $ 45,100 | $ 45,100 | ||
Total | $ 89,185 | $ 93,915 | $ 89,650 | $ 2,72,750 |
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