Problem: A company budgeted for the following purchases for raw materials
Jan $10,000
Feb $20,000
Mar $25,000
Apr $22,000
May $27,000
June $30,000
Jul $24,000
The company has a policy of paying 30% of the purchases in the month of purchase 50% in the month following the purchase and 20% in the second month following the purchase. Based on this information, what are the budgeted cash disbursements for April?
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