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Bonita Industries expects to purchase $190000 of materials in March and $160000 of materials in April. Three-fourths of all purchases are paid for in the
Bonita Industries expects to purchase $190000 of materials in March and $160000 of materials in April. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. In addition, a 2% discount is received for payments made in the month of purchase. What are Bonita's budgeted cash disbursements for materials purchases in April? $109650 $190000
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