Question 29 3.333 pts The treasurer of U Co. has accumulated the budget informat

Question

Question 29 3.333 pts The treasurer of U Co. has accumulated the budget information presented in the table for the months of March and April pertaining to cash payments. Thirty percent of the merchandise costs are expected to be paid in the month they are incurred and the remaining seventy percent in the following month. All of the operating expenses are paid for by cash in the month they are incurred. The accounts payable balance on March 1 is $30,000. What is the amount to include in the Cash Budget for the month of March for the Merchandise Costs (which does include the beginning balance from February)? MARCH APRIL Merchandise costs S60,000 S66,000 Operating expenses 50,000 55,000 $24.000 $30.000 $48.000 O $54.000

Explanation / Answer

Calculate payment of march for merchandise cost :

March merchandise cash payment = (60000*30%+30000) = 48000

so answer is c) $48000

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