Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

Becham Inc. had the following purchases budgeted for the last quarter of 2013: October $75,000 November $90,000 December $84,000 Becham pays one-half of a month's

Becham Inc. had the following purchases budgeted for the last quarter of 2013:

October $75,000

November $90,000

December $84,000

Becham pays one-half of a month's purchases in the month of purchase and the remainder in the following month. What are expected cash disbursements for the month of December?

a. $87,000

b. $124,500

c. $42,000

d. $84,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Wiley CPAexcel Exam Review Focus Notes Auditing And Attestation 2022

Authors: Wiley

1st Edition

111984858X, 978-1119848585

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is the difference between resources designated by hospital boards for specific purposes and those restricted by outside donors for specific purposes? What are the differing accounting effects?

Answered: 1 week ago

Question

★★★★★

Dict = { " smith " : "student", "Jane" : "student", "John" : "Professor", "Joe" : "Professor" } print ( Dict . keys ( ) )

Answered: 1 week ago

Question

★★★★★

(Appendix) Write the formulas for the calculation of accounts receivable turnover and inventory turnover. What do these calculations tell us about accounts receivable and inventory? LO53

Answered: 1 week ago

Question

★★★★★

De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purchase. The interest rate on the loan is 8%....

Answered: 1 week ago

Question

★★★★★

Help Sav A company had the following amounts at the end of the year: Cash $11,200 Supplies Expense 1,500 2,600 23,500 Dividends Service Revenue Prepaid Rent Salaries Expense Accounts Payable 4,300...

Answered: 1 week ago

Question

★★★★★

Mark and his wife Jean had recently built a country home on a one-acre lot. Initially overwhelmed by the size of the lawn, Mark arranged for Stanley, a neighbouring farmer, to cut the lawn with his...

Answered: 1 week ago

Question

★★★★★

The Forest Stewardship Council (FSC) was formed in 1993 to promote sustainable management of the world's forests. The FSC quickly began to certify lumber based on whether the forest that it was taken...

Answered: 1 week ago

Question

★★★★★

A cord is wrapped around the inner spool of the gear. If it is pulled with a constant velocity v, determine the velocities and accelerations of points A and B. The gear rolls on the fixed gear rack....

Answered: 1 week ago

Question

★★★★★

Summarize the failures, lessons learned, and results in a 10-minute PowerPoint Presentation. Think of me as the CEO, and you the Panama Canal Project Manager delivering an Executive briefing....

Answered: 1 week ago

Question

★★★★★

| A student performed a density measurement of an unknown fluid sample using a 25mL (with 1mL division) graduated cylinder and a digital scale with 0.001g precision. They measured the mass as 10g,...

Answered: 1 week ago

Question

★★★★★

The attached short NYTimes article discusses how Wells Fargo has been trying to change its culture. Focusing on what you have learned about Organizational Culture (though drawing from other topic...

Answered: 1 week ago

Question

★★★★★

5-12 The Foremost Composite Materials Company is planning a two-day sales conference for October 1920, starting with a reception on the evening of October 18. The conference consists of all-day...

Answered: 1 week ago

Question

★★★★★

2. What are the disadvantages of cloud computing? Cloud computing is taking off. The biggest players in the cloud computing marketplace include Amazon Web Services division (AWS), Microsoft, and...

Answered: 1 week ago

Question

★★★★★

4. Should all firms move toward green computing? Why or why not? Whats too hot to handle? It might very well be your companys data center, which can easily consume more than 100 times more power than...

Answered: 1 week ago

Previous Question Next Question