Goliath Company prepared the following purchases budget: All purchases are paid for as follows: 30% in the month of purchase, 45% in the following month, and 25% two months after purchase.
What are the cash disbursements in August for June purchases?

Question

Goliath Company prepared the following purchases budget:  All purchases are paid for as follows: 30% in the month of purchase, 45% in the following month, and 25% two months after purchase.
What are the cash disbursements in August for June purchases?

Quizplus · Accepted Answer

The Answer of Goliath Company prepared the following purchases budget:  All purchases are paid for as follows: 30% in the month of purchase, 45% in the following month, and 25% two months after purchase.
What are the cash disbursements in August for June purchases?

Goliath Company Prepared the Following Purchases Budget: All Purchases