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 total cash disbursements in October for the purchase of merchandise?

Question

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 total cash disbursements in October for the purchase of merchandise?

Quizplus · Accepted Answer

The Answer of 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 total cash disbursements in October for the purchase of merchandise?

Lough Company Prepared the Following Purchases Budget: All Purchases