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bernie2981 bernie2981
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Posts: 3810
9 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 cash disbursements in August to account for the June purchases at Goliath Company?
A) $20,610
B) $10,680
C) $16,020
D) $8,900
Textbook 
Managerial Accounting

Managerial Accounting


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nucleinuclei
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9 years ago
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bernie2981 Author
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9 years ago
Answers my question perfectly.
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