Holmes Manufacturing Inc Holmes Pays One-Half of a Month's Purchases in the Month

Holmes Manufacturing Inc.had the following purchases budgeted for the last six months of 2009:
$\begin{array}{lr}\text { July } & \$ 60000 \\\text { August } & 45000 \\\text { September } & 52000 \\\text { October } & 60000 \\\text { November } & 80000 \\\text { December } & 85000\end{array}$
Holmes pays one-half of a month's purchases in the month of purchase and the remainder in the following month.What are expected total cash disbursements for the last quarter of 2009?

A) $112 500
B) $225 000
C) $182 500
D) $208 500

Correct Answer:

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