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bernie2981 bernie2981
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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 total cash disbursements in August to account for the purchase of merchandise at Goliath Company?
A) $39,905
B) $45,330
C) $31,005
D) $11,880
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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#2
9 years ago
Answers my question perfectly.
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#3
4 years ago
Lol
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