Mickle Company has the following information:
Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-The cash disbursements in September for August purchases will be

Question

Mickle Company has the following information:
  Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-The cash disbursements in September for August purchases will be

Quizplus · Accepted Answer

The cash disbursements in September for August purchases would be $52,500, assuming that the purchases made in August are paid in September.

Mickle Company Has the Following Information