The following data have been taken from the budget reports of Brandon company, a merchandising company.

   

	Purchases	Sales
January	$210,000	$150,000
February	$210,000	$250,000
March	$210,000	$290,000
April	$190,000	$350,000
May	$190,000	$310,000
June	$170,000	$290,000

    

Forty percent of purchases are paid for in cash at the time of purchase, and 30% are paid for in each of the next two months. Purchases for the previous November and December were $200,000 per month. Employee wages are 15% of sales for the month in which the sales occur. Selling and administrative expenses are 25% of the following month's sales. (July sales are budgeted to be $270,000.) Interest payments of $25,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of April would be:

rev: 10_27_2011

	$250,000
	$190,000
	$313,000
	$357,000

Cash disbursements for April:

Purchases:
Purchases in April ($190,000 ×40%)	$  76,000
Purchases in March ($210,000 × 30%)	63,000
Purchases in February ($210,000 × 30%)	63,000
Employee wages:
Employee wages in April ($350,000 × 15%)	52,500
Selling and administrative expenses:
Selling and administrative expenses ($310,000 × 25%)	77,500
Interest	25,000
Total cash disbursements for April	$357,000