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 May for April purchases will be
A) $58,960.
B) $73,700.
C) $55,360.
D) $69,200.
Correct Answer:
Verified
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