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Dokken & Dietrich's Donut Company

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Dokken & Dietrich's Donut Company pays for 25% of its inventory purchases in the month of the purchase and the remainder in the following month. The company's inventory purchases totaled $840,000 in October, $920,000 in November, and $600,000 in December. The company also paid for new equipment with a total cost of $380,000 in November and made a tax payment of $130,000 in December. Salaries and wages were $300,000 in November and $275,000 in December.

Determine the firm's cash disbursements for November and December.

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Solution Summary

This solution is comprised of a detailed explanation to determine the firm's cash disbursements for November and December.

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