Question;Hector Company reports the following:July August SeptemberSales $ 26,000 $ 34,000 $ 38,000Purchases 14,820 19,380 26,000Payments for purchases are made in the month after purchase. Selling expenses are 17% of sales, administrative expenses are 12% of sales, and both are paid in the month of sale. Rent expense of $2,700 is paid monthly. Depreciation expense is $1,200 per month.Prepare a schedule of budgeted cash disbursements for August and September.
Paper#37378 | Written in 18-Jul-2015Price : $22