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The Cookie Shop's purchases are equal to 63 percent of the following month's sales. The accounts...

The Cookie Shop's purchases are equal to 63 percent of the following month's sales. The accounts payable period for purchases is 30 days while all other expenditures are paid in the month they are incurred. Assume each month has 30 days. The company has compiled the following information. April May June Sales $ 7,100 $ 7,400 $ 7,800 Other expenses 1,625 1,675 1,925 Interest and taxes 380 390 410 What are the company's total cash disbursements for May?

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jeff jeffy answered 1 month ago
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