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Question 5- 6- points- Crush Can Inc- provided the following informati.docx
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Question 5: 6% points: Crush Can Inc. provided the following information: April  May  June Projected merchandise purchases  $184,000  $156,000    $132,000 Crush Can pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $62,000 per month of which depreciation is $8,000 of this amount. Hoover pays operating expenses in the month incurred. Crush Can makes loan payments of $7,000 per month of which $700 is interest and the remainder is principal. Instructions: Calculate budgeted cash disbursements for June. Solution Cash disbursements for the month JUNE are as follows: Amount in $ payment for the purchases of June= 52800 1 payment for the purchases of May = 93600 2 General operating expenses= 54000 3 Interest payment of loan= 700 TOTAL= $ 201100 (answer) Working notes : .
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Question 5- 6- points- Crush Can Inc- provided the following informati.docx
- Question 5: 6% points: Crush Can Inc. provided the following information: April  May  June Projected merchandise purchases  $184,000  $156,000    $132,000 Crush Can pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $62,000 per month of which depreciation is $8,000 of this amount. Hoover pays operating expenses in the month incurred. Crush Can makes loan payments of $7,000 per month of which $700 is interest and the remainder is principal. Instructions: Calculate budgeted cash disbursements for June. Solution Cash disbursements for the month JUNE are as follows: Amount in $ payment for the purchases of June= 52800 1 payment for the purchases of May = 93600 2 General operating expenses= 54000 3 Interest payment of loan= 700 TOTAL= $ 201100 (answer) Working notes :