Question
The Cookie Shop's purchases are equal to 58 percent of the following month's sales. The accounts...
The Cookie Shop's purchases are equal to 58 percent of the
following month's sales. The accounts payable period for purchases
is 30 days while all other expenditures are paid in the month they
are incurred. Assume each month has 30 days. The company has
compiled the following information.
| April | May | June | |||||||
| Sales | $ | 9,100 | $ | 9,400 | $ | 9,800 | |||
| Other expenses | 3,125 | 3,175 | 3,425 | ||||||
| Interest and taxes | 580 | 590 | 610 | ||||||
What are the company's total cash disbursements for May?
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