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8. Terry Company is preparing its cash budget for the month of April. The following information is available concerning its inventories: Inventories, April 1 P90,
8. Terry Company is preparing its cash budget for the month of April. The following information is available concerning its inventories: Inventories, April 1 P90, 000 Estimated purchases for April 440, 000 Estimated cost of goods sold for April 150, 000 Estimated payments in April for purchases in March 75, 000 Estimated payments in April for purchases prior to March 20, 000 Estimated payments in April for purchases in April 75% What are the estimated cash disbursements for inventories in April? a. 401, 250 b. 405, 000 C. 425, 000 d. 432, 500
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