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Business, 06.05.2021 17:10 hazle9409

The Beatrice Manufacturing Company increased its merchandise inventory by $28,000 over the year. The company also granted its customers more liberal credit terms which increased the accounts receivable by $54,000. Sales were $1,030,000 and the accounts payable decreased by $49,500. The gross profit on sales is 45%. Marketing and administrative expenses were $167,000; this included depreciation expense of $26,000. What were the cash disbursements for the year

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The Beatrice Manufacturing Company increased its merchandise inventory by $28,000 over the year. The...
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