Villa Company has the following information: Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement in May from April purchases?
A)$11,072
B)$11,792
C)$13,840
D)$17,740

Question

Villa Company has the following information:  Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement in May from April purchases?
A)$11,072 
B)$11,792 
C)$13,840 
D)$17,740

Quizplus · Accepted Answer

The Answer of Villa Company has the following information:  Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement in May from April purchases?
A)$11,072 
B)$11,792 
C)$13,840 
D)$17,740

Villa Company Has the Following Information: Purchases Are Paid