Pancho Company has the following information: $$\begin{array} { l l }
\text { Month } & \text { Budgeted Purchas es } \
\text { January } & \$ 56,800 \
\text { February } & 49,000 \
\text { March } & 30,520 \
\text { April } & 29,480 \
\text { May } & 27,680
\end{array}$$ Purchases are paid for in the following manner: 10% in the month of purchase 50% in the month after purchase 40% two months after purchase
Is the estimated cash disbursement in May from April purchases.

Question

Pancho Company has the following information: $$\begin{array} { l l } 
\text { Month } & \text { Budgeted Purchas es } \
\text { January } & \$ 56,800 \
\text { February } & 49,000 \
\text { March } & 30,520 \
\text { April } & 29,480 \
\text { May } & 27,680
\end{array}$$ Purchases are paid for in the following manner: 10% in the month of purchase 50% in the month after purchase 40% two months after purchase
Is the estimated cash disbursement in May from April purchases.

Quizplus · Accepted Answer

The Answer of Pancho Company has the following information: $$\begin{array} { l l } 
\text { Month } & \text { Budgeted Purchas es } \
\text { January } & \$ 56,800 \
\text { February } & 49,000 \
\text { March } & 30,520 \
\text { April } & 29,480 \
\text { May } & 27,680
\end{array}$$ Purchases are paid for in the following manner: 10% in the month of purchase 50% in the month after purchase 40% two months after purchase
Is the estimated cash disbursement in May from April purchases.

Pancho Company Has the Following Information Purchases Are Paid for in the Following Manner: 10% in }