Resco, a local retail establishment, expects to make inventory purchases as follows for the first quarter of 2010: January, $5,500; February, $6,500; and March, $8,000. Prior experience shows that 25 percent of a given month’s purchases are paid in the month of purchase with the balance paid in the following month. No purchase discounts apply. What is the total expected cash disbursement for February? For March?
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