Multiple Choice
Cedar Co.has forecast purchases to be $330,000 in June,$375,000 in July,$310,000 in August,and $270,000 in September.Purchases average 30% paid in cash,70% on credit.Credit purchases are paid 60% in the month of purchase,30% during the month following,and 10% the second month following the purchase.Cash disbursements in September would be:
A) $113,400
B) $204,750
C) $261,450
D) $285,750
Correct Answer:
Verified
Correct Answer:
Verified
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