Duke Company has the following information: Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement for purchases in May?
A)$13,840
B)$25,632
C)$27,680
D)$29,716

Question

Duke Company has the following information:  Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement for purchases in May?
A)$13,840 
B)$25,632 
C)$27,680 
D)$29,716

Quizplus · Accepted Answer

The Answer of Duke Company has the following information:  Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement for purchases in May?
A)$13,840 
B)$25,632 
C)$27,680 
D)$29,716

Duke Company Has the Following Information: Purchases Are Paid