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Bonita Inc. has budgeted direct materials purchases of $149400 in March and $240200 in April. Past experience indicates that the company pays for 75% of
Bonita Inc. has budgeted direct materials purchases of $149400 in March and $240200 in April. Past experience indicates that the company pays for 75% of its purchases in the month of purchase and the remaining 25% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted:
Wages expense | $74000 |
Purchase of office equipment | 35300 |
Selling and administrative expenses | 25000 |
Depreciation expense | 17600 |
Accounts receivable write-offs | 10800 |
How much is budgeted cash disbursements for April?
$326800
$217500
$351800
$369400
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