Crossley, Inc. has the following information:
Purchases are paid for in the following manner:
10 percent in the month of purchase
50 percent in the month after purchase
40 percent two months after purchase
-The cash disbursements in March for January purchases will be

Question

Crossley, Inc. has the following information:
  Purchases are paid for in the following manner:
10 percent in the month of purchase
50 percent in the month after purchase
40 percent two months after purchase
-The cash disbursements in March for January purchases will be

Quizplus · Accepted Answer

The cash disbursements in March for January purchases would be $53,600, assuming that the payment terms require payment in March for purchases made in January.

Crossley, Inc. Has the Following Information