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Use the Information Below to Answer the Following Question(s)

Question 32

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Use the information below to answer the following question(s) .
Grinnell Manufacturing Company has the following information for 2015:
Use the information below to answer the following question(s) . Grinnell Manufacturing Company has the following information for 2015:     Budget Expenses per Month     Note: All cash expenses are paid as incurred; Collections from sales are 50% in the month of sale and 50% in the month following the sale; December 2014 sales were $110,000. -What is the expected total cash disbursements for expenses in February? A)  $33,400 B)  $30,000 C)  $30,200 D)  $30,400 E)  $27,000
Budget Expenses per Month
Use the information below to answer the following question(s) . Grinnell Manufacturing Company has the following information for 2015:     Budget Expenses per Month     Note: All cash expenses are paid as incurred; Collections from sales are 50% in the month of sale and 50% in the month following the sale; December 2014 sales were $110,000. -What is the expected total cash disbursements for expenses in February? A)  $33,400 B)  $30,000 C)  $30,200 D)  $30,400 E)  $27,000
Note: All cash expenses are paid as incurred; Collections from sales are 50% in the month of sale and 50% in the month following the sale; December 2014 sales were $110,000.
-What is the expected total cash disbursements for expenses in February?


A) $33,400
B) $30,000
C) $30,200
D) $30,400
E) $27,000

Correct Answer:

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