Every Month, Lambert Must Make the Following Payments In Mid-October, Lambert Expects to Buy a New Computer for Rent
Every month, Lambert must make the following payments:
In mid-October, Lambert expects to buy a new computer for $4,500 using the company credit card. Typically, the credit card bill is paid in full in the following month. September credit card purchases totaled $6,000.
-Refer to Figure 9-7. What is Lambert's expected cash disbursement in October for purchases of goods?
A) $140,000
B) $130,000
C) $112,000
D) $138,000
E) $26,000
Correct Answer:
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