Lambert Company purchased $140,000 of goods in September and expects to purchase $130,000 of goods in October.Lambert typically pays for 20% of purchases in the month of purchase and 80% in the following month. Every month, Lambert must make the following payments:
In mid-October, Lambert expects to buy a new computer for $4,500 using the company credit card.Typically, the credit card bill is paid in full in the following month.September credit card purchases totaled $6,000.
- In mid-October, Lambert expects to buy a new What are the total cash disbursements expected by Lambert during the month of October?
A) $167,600
B) $172,100
C) $161,600
D) $55,600
E) $60,100
Correct Answer:
Verified
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