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Mark Company Has the Following Information Purchases Are Paid as Follows:
10% in the Month of

question 37

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Mark Company has the following information:
 Month  Budgeted Purchases  January $40,000 February 29,000 March 30,520 April 29,480 May 27,680\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 40,000 \\\text { February } & 29,000 \\\text { March } & 30,520 \\\text { April } & 29,480 \\\text { May } & 27,680\end{array}
Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement in March from January purchases?


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