Bandaloon Foods expects to make the following inventory purchases during the last three months of the year: During September, Bandaloon purchased $72,000 of inventory.The restaurant typically pays for 25% of the inventory purchases within the month of the purchase and 75% in the following month.How much are estimated cash disbursements in November for inventory purchases?
A) $95,000
B) $100,000
C) $85,000
D) $115,000
Correct Answer:
Verified
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