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Samson Company Prepared the Following Purchases Budget All Purchases Are Paid for as Follows: 20% in the l

Question 140

Multiple Choice

Samson Company prepared the following purchases budget:  Month  Budgeted Purchases  June $35,600 July $42,500 August $39,600 September $45,800 October $49,400\begin{array} { | l | c | } \hline \text { Month } & \text { Budgeted Purchases } \\\hline \text { June } & \$ 35,600 \\\hline \text { July } & \$ 42,500 \\\hline \text { August } & \$ 39,600 \\\hline \text { September } & \$ 45,800 \\\hline \text { October } & \$ 49,400 \\\hline\end{array} All purchases are paid for as follows: 20% in the month of purchase,60% in the following month,and 20% two months after purchase.
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What are the cash disbursements in August for June purchases?


A) $ 7,120
B) $27,480
C) $21,360

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