Question
20. A Co. is preparing its cash budget for the month of August. Projections for the month include the following: Sales P400,000.00; Gross Profit -
20. A Co. is preparing its cash budget for the month of August. Projections for the month include the following: Sales P400,000.00; Gross Profit - based on sales - 25%; Increase in inventory P30,000.00; Decrease in Accounts Payable - P12,000.00. What is the estimated cash disbursement for inventory in August: * A) P342,000.00 B) P318,000.00 C) P312,000.00 D) P142,000.00
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Principles Of Fraud Examination
Authors: Joseph T Wells
2nd Edition
0470128836, 9780470128831
