Ferguson Inc. provided the following information:

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$Ferguson Inc. provided the following information: \bullet \bullet Ferguson pays 40% of merchandise purchases in the month purchased and 60% in the following month. \bullet General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Ferguson pays operating expenses in the month incurred. \bullet Ferguson makes loan payments of $4,000 per month of which $450 is interest and the remainder is principal. Instructions Calculate budgeted cash disbursements for May.$

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Ferguson pays 40% of merchandise purchases in the month purchased and 60% in the following month.

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General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Ferguson pays operating expenses in the month incurred.

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Ferguson makes loan payments of $4,000 per month of which $450 is interest and the remainder is principal.
Instructions
Calculate budgeted cash disbursements for May.

During September, the Capital Expenditure Budget Indicates a $140,000 Purchase

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