Find out the company cash disbursements


Question: Billy Bob Tacos pays for 60% of its inventory purchases in the month of the purchase and the remainder in the following month. The company's inventory purchases totaled $780,000 in October, $940,000 in November, and $840,000 in December. The company also paid for new equipment with a total cost of $520,000 in November and made an income tax payment of $130,000 in December. Salaries and wages were paid as follows: $325,000 in October, $320,000 in November and $295,000 in December. Determine the company's cash disbursements for November and December.

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Find out the company cash disbursements
Reference No:- TGS03426031

Expected delivery within 24 Hours