Goliath Company prepared the following purchases budget: All purchases are paid for as follows: 45% in the month of purchase, 40% in the following month, and 15% two months after purchase.
What are the total cash disbursements in August to account for the purchase of merchandise at Goliath Company?

Question

Goliath Company prepared the following purchases budget:  All purchases are paid for as follows: 45% in the month of purchase, 40% in the following month, and 15% two months after purchase.
What are the total cash disbursements in August to account for the purchase of merchandise at Goliath Company?

Quizplus · Accepted Answer

The Answer of Goliath Company prepared the following purchases budget:  All purchases are paid for as follows: 45% in the month of purchase, 40% in the following month, and 15% two months after purchase.
What are the total cash disbursements in August to account for the purchase of merchandise at Goliath Company?

Goliath Company Prepared the Following Purchases Budget: All Purchases