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Marigold, Inc. provided the following information: July August Projected sales $228,000 $250,000 Projected merchandise purchases...

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Accounting

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Marigold, Inc. provided the following information: July August Projected sales $228,000 $250,000 Projected merchandise purchases $146,000 $170,000 . Marigold estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. . Marigold pays for 30% of merchandise purchases in the month purchased and 70% in the following month. . General operating expenses are budgeted to be $23,000 per month, including depreciation of $1,900. Marigold pays operating expenses in the month incurred. . Marigold makes loan payments of $4,500 per month of which $550 is interest and the remainder is principal. Calculate Marigold's budgeted cash disbursements for August. Budgeted Cash Disbursements $

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