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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 cash disbursements in October to account for the September purchases at Lough Company?
A) $8,000
B) $9,200
C) $25,300
D) $184,000
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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9 years ago
Wow! Thank you
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