The Following Selected Data Pertain to Phineus Corporation July's Cash Disbursements Are Expected to Be:
A) $404,000

The following selected data pertain to Phineus Corporation: $\begin{array}{lr}\text { Cash operating expenses, July 1-31 } & \$ 180,000 \\\text { Depreciation } & 60,000 \\\text { Merchandise purchases in July } & 560,000 \\\text { Estimated payments in July for purchases in June } & 220,000 \\\text { Estimated payments in July for purchases prior to June } & 50,000 \\\text { Estimated payments in July for purchases in July } & 40 \%\end{array}$ July's cash disbursements are expected to be:

A) $404,000.
B) $464,000.
C) $674,000.
D) $734,000.
E) None of the other answers are correct.