Calculate the companys estimated current payables balance


Goldcoast Corporation has budgeted a total of $356,800 in costs and expenses for the upcoming quarter. Of this amount, $40,000 represents depreciation expense and $6,800 represents the expiration of prepayments. Goldcoast's current payables balance is $260,000 at the beginning of the quarter. Budgeted payments on current payables for the quarter amount to $365,000. The company's estimated current payables balance at the end of the quarter is?

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Accounting Basics: Calculate the companys estimated current payables balance
Reference No:- TGS0686821

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