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Dori Inc. is preparing a schedule of cash disbursements for the month of July. It...

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Accounting

Dori Inc. is preparing a schedule of cash disbursements for the month of July. It expects to make purchases of $238,200 during July, of which 30% will be made for cash. The remaining purchases are on made on credit. Dori Inc. pays for 40% of its credit purchases in the same month of the purchase and the remaining 60% in the month following the purchase. Dori Inc. also provides the following balance sheet:

Dori Inc.
Balance Sheet
June 30
Assets
Cash $ 59,000
Accounts receivable $73,000
Inventory $35,400
Buildings and equipment, net of depreciation $214,000
Total assets $381,400
Liabilities and Stockholders Equity
Accounts payable $86,780
Common stock $216,000
Retained earnings $78,620
Total liabilities and stockholders equity $381,400

How much cash does Dori Inc. expect to disburse in July?

Round your answer to the nearest whole dollar amount.

If you require a present value factor and wish to use the tables, click here to view Exhibit 7B-1 or Exhibit 7B-2.

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