Organic Avocado Inc. prepares quarterly cash budgets. Purchases are 80% of next quarter's sales. Q2...
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Organic Avocado Inc. prepares quarterly cash budgets. Purchases are 80% of next quarter's sales. Q2 sales are expected to be 600 and Q3 sales are expected to be 800. The beginning accounts payable balance is $400, and the payables period is 30 days. Wages paid for Q1 is 400 and for Q2 is 450. Capital expenditures for Q1 is 100 and for Q2 is 150. In each quarter, the company pays 75 in interest payments.
Q4. What are total cash disbursements in Q1?
Q5. What is the beginning accounts payable balance for Q2?
Q6. What are total cash disbursements in Q2?
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