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 total cash disbursements in August for the purchase of merchandise?

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 total cash disbursements in August for the purchase of merchandise?

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 total cash disbursements in August for the purchase of merchandise?

Goliath Company Prepared the Following Purchases Budget: All Purchases