Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the
following month.**Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the
quarter (i.e., January, April, July, and October).***Property tax is paid once a year in November.
-The cash payments for Finch Company expected in the month of June are

Question

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:  *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the
following month.**Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the
quarter (i.e., January, April, July, and October).***Property tax is paid once a year in November.​
-The cash payments for Finch Company expected in the month of June are

Quizplus · Accepted Answer

The Answer of Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:  *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the
following month.**Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the
quarter (i.e., January, April, July, and October).***Property tax is paid once a year in November.​
-The cash payments for Finch Company expected in the month of June are

Finch Company Began Its Operations on March 31 of the Current