Use the Following Data to Determine the Company's Cash Disbursements

question 51

Essay

Use the following data to determine the company's cash disbursements for the month of August and September:
$\begin{array}{lrlr}&\text { July } & \text { August } & \text { September } \\\text {Sales } &\$ 24,000 & \$ 32,000 & \$ 36,000 \\\text { Purchases } &14,400 & \$ 19,200 & \$ 21,600\end{array}$



$\begin{array}{ll} \text {Payments for purchases } & \text { One month after purchase}\\ \text {Selling expenses } & \text {15 \% of sales, paid in the month of}\\ & \text { sale } \\ \text {Administrative expenses } & \text { 10 \% of sales, paid in the month of}\\ & \text { sale } \\ \text { Rent expense } & \$ 2,400 \text { per month }\\ \text {Equipment depreciation } & \text { \$ 1,300 per month}\end{array}$

---

Definitions:

Laboratory Test

A laboratory test is an analysis conducted in a controlled environment to examine biological samples, chemicals, or substances to assess health or diagnose disease.

Normal Results

Test outcomes that fall within an established range of values, indicating no significant deviations or abnormalities.

Snakebite

A snakebite is an injury caused by the bite of a snake, often involving injection of venom or introduction of bacteria.

Automated Voice

Refers to synthesized speech generated by computers or other devices, often used in telephone systems, virtual assistants, and accessibility tools.