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Bonita Company reported the following information for 2020: September October November December January Budgeted purchases $90600 $120900 $128300 $143000 $88600 Operating expenses are: Salaries, $50800;
Bonita Company reported the following information for 2020:
September | October | November | December | January | |
Budgeted purchases | $90600 | $120900 | $128300 | $143000 | $88600 |
Operating expenses are: Salaries, $50800; Depreciation, $20400; Rent, $10700; Utilities, $13700. | |
Operating expenses are paid during the month incurred. | |
Accounts payable is used only for inventory acquisitions. |
How much is the budgeted amount of cash to be paid for operating expenses in November?
$203500
$75200
$95600
$223900
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