Chain Inc Provided the Following Information $\bullet$ $\bullet$ Chain Pays 40% of Merchandise Purchases in the Month Purchased

question 43

Essay

Chain Inc. provided the following information:
$\bullet$
$\bullet$ Chain 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. Chain pays operating expenses in the month incurred.
$\bullet$ Chain 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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Definitions:

Biased View

A perspective that is unfairly prejudiced for or against someone or something.

Normal People

Individuals who conform to the prevailing norms and standards of society, often considered as average or typical members of a community.

Homosexuals

Individuals who are sexually attracted to people of the same sex.

Propensity

Propensity is an innate inclination or natural tendency to behave in a certain way.