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bernie2981 bernie2981
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9 years ago
Lough Company prepared the following purchases budget:

Month   Budgeted Purchases
June   $40,000
July   $43,000
August   $39,600
September   $46,000
October   $49,100

All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase.

What are the total cash disbursements in October to account for the purchase of merchandise at Lough Company?
A) $37,575
B) $45,495
C) $41,550
D) $12,275
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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bernie2981 Author
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9 years ago
You make an excellent tutor!
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this is exactly what I needed
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