The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of June Estimated purchases of June Estinated cost of goods sold for June Estimated payments in June for purchases in May Estimated payments in June for purchases prior to May Estimated payments in June for purchases in June $ 83,500 362,000 369,500 88,250 47,000 80 What are the estimated cash disbursements for inventories in June? Multiple Choice $405.840. $432,450.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter4: Financial Planning And Forecasting
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What are the estimated cash disbursements for inventories in June?
Multiple Choice
$405,840.
$432,450.
$424,850.
$335,000.
Transcribed Image Text:What are the estimated cash disbursements for inventories in June? Multiple Choice $405,840. $432,450. $424,850. $335,000.
The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories:
Inventories at beginning of June
Estimated purchases of June
Estimated cost of goods sold for June
Estimated payments in June for purchases in May
Estimated payments in June for purchases prior to May
Estimated payments in June for purchases in June
$ 83,500
362,000
369,500
88,250
47,000
B0
What are the estimated cash disbursements for inventories in June?
Multple Choice
$405,840.
O $432,450.
Transcribed Image Text:The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of June Estimated purchases of June Estimated cost of goods sold for June Estimated payments in June for purchases in May Estimated payments in June for purchases prior to May Estimated payments in June for purchases in June $ 83,500 362,000 369,500 88,250 47,000 B0 What are the estimated cash disbursements for inventories in June? Multple Choice $405,840. O $432,450.
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