Question: (Budgeting cash disbursements) A city is preparing its cash forecast for the month of July. Based on the following information, compute the estimated cash disbursements for July
Items vouchered in July $650,000
Estimated payments in July for items vouchered in July 50%
Items vouchered in June $400,000
Estimated payments in July for all items vouchered in June 70%
Estimated payments in July for items vouchered prior to June $50,000
Items vouchered in June but returned in July before payment was made $20,000