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Use the Information Below to Answer the Following Question(s)

Question 205

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Use the information below to answer the following question(s) .
Lough Company prepared the following purchases budget:
Use the information below to answer the following question(s) . Lough Company prepared the following purchases budget:     All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase. -What are the total cash disbursements in October to account for the purchase of merchandise at Lough Company? A)  $12,275 B)  $37,575 C)  $41,550 D)  $45,495
All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase.
-What are the total cash disbursements in October to account for the purchase of merchandise at Lough Company?


A) $12,275
B) $37,575
C) $41,550
D) $45,495

Correct Answer:

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