Fischer, Inc $\bullet$ Fischer Pays 40% of Merchandise Purchases in the Month Purchased

Fischer, Inc. provided the following information:
$\bullet$ Fischer pays 40% of merchandise purchases in the month purchased and 60% in the following month.
$\bullet$ General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Fischer pays operating expenses in the month incurred.
Instructions
Calculate Fischer's budgeted cash disbursements for May.

Correct Answer:

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