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
A)$215,500
B)$188,800
C)$214,000
D)$212,000

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
A)$215,500 
B)$188,800 
C)$214,000 
D)$212,000

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
A)$215,500 
B)$188,800 
C)$214,000 
D)$212,000

Finch Company Began Its Operations on March 31 of the Current