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x-G My Account! Chep com × com/hm.tp Hawkes Learring Blackboard Learn welor..my Apps Cinemark Theatres G Work in lapan Exam ? instructions help Question 13 (of 35) Save& Exit Submit Time remaining: t40.13 13. Cedar Co. has forecast purchases to be S335,000 in June. S375,000 in July. S310 000 in August and S272000 September Purchases average 35% paid in cash, 65% are on credit Credit purchases are paid 70% in the month of purchase, 30% during the month following, and 0% the second month folowing the purchase Cash disbursements in September would be O $74660 O $286,160 O $107060 O $279 410 148 PM Type here to search ai de 4/15/2018Explanation / Answer
e) total cash disbursement in the month of September will be (a+c+d) 95200+123760+60450 = $279410
Hence the last option is correct is $ 279410 will be cash disbursement for the month of September.
Particulars June July August September Purchase 335000 375000 310000 272000 a)Cash purchase@35? 117250 131250 108500 95200 b)Credit purchase(Remaining 65%) 217750 243270 201500 176800 c)Cash paid 70% during the month of credit purchase(b) 152425 170289 140050 123760 d)Cash paid in the following month 30% (b) 65325 72981 60450Related Questions
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