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Lough Company Prepared the Following Purchases Budget: All Purchases

Question 177

Multiple Choice

Lough Company prepared the following purchases budget: Lough Company prepared the following purchases budget:   All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase. What are the cash disbursements in August for June purchases? A) $8,000 B) $25,300 C) $22,000 D) $10,000 All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase.
What are the cash disbursements in August for June purchases?


A) $8,000
B) $25,300
C) $22,000
D) $10,000

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