Bonita Design provided the following budgeted information for April through July: April May June July...
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Accounting
Bonita Design provided the following budgeted information for April through July: April May June July Projected sales $104500 $122900 $115300 $132400 Projected merchandise purchases $82400 $91700 $78400 $66200 The cash balance on June 1 is $11500. The company pays 30% of merchandise purchases in the month purchased and 70% in the following month. . General operating expenses are budgeted to be $30500 per month of which depreciation is $2700 of this amount Management pays operating expenses in the month incurred. The company makes loan payments of $4400 per month of which $630 is interest and the remainder is principal. How much are budgeted cash disbursements for June? $87710 $91040 $125940 $119910
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