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 August to account for the purchase of merchandise at Lough Company?
A) $41,550
B) $45,495
C) $33,550
D) $9,900
Correct Answer:
Verified
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