Question
Below is the direct materials budget for Siskin Company Direct Materials Budget February $30,000 March $60,000 April $70,000 May $30,000 Siskin Company purchases 70% of
Below is the direct materials budget for Siskin Company
| Direct Materials Budget | |
| February | $30,000 |
| March | $60,000 |
| April | $70,000 |
| May | $30,000 |
Siskin Company purchases 70% of its direct materials on account and 30% are purchased with cash. Siskin company expects to pay cash for the accounts payables in the following time periods:
10% in the month of the purchase
90% in the month after the purchase
How much is the company's total CASH DISBURSEMENTS related to direct materials for March?
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Stand Up To The IRS How To Handle Audits Tax Bills And Tax Court
Authors: Frederick W. Daily Robin Leonard
2nd Edition
0873372409, 978-0873372404
