Question
A company had the following purchases budgeted for the last six months of 2016: July $100,000 August 80,000 September 90,000 October 70,000 November 90,000 December
A company had the following purchases budgeted for the last six months of 2016:
| July | $100,000 |
| August | 80,000 |
| September | 90,000 |
| October | 70,000 |
| November | 90,000 |
| December | 100,000 |
The company pays one-half of a month's purchases in the month of purchase and the remainder in the following month. What are expected total cash disbursements for the last quarter of 2016?
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External Auditing Tutorial
Authors: Jo Osborne, John Taylor
1st Edition
9781909173965, 1909173967
