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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Goliath Company prepared the following purchases budget:

Month   Budgeted Purchases
June   $35,600
July   $42,500
August   $39,600
September   $45,800
October   $49,400

All purchases are paid for as follows: 30% in the month of purchase, 45% in the following month, and 25% two months after purchase.

What are the total cash disbursements in October to account for the purchase of merchandise at Goliath Company?
A) $45,330
B) $35,430
C) $39,905
D) $14,820
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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