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Bramble Merchandising Company expects to purchase $58000 of materials in July and $76000 of materials in August. Three-quarters of all purchases are paid for in
Bramble Merchandising Company expects to purchase $58000 of materials in July and $76000 of materials in August. Three-quarters of all purchases are paid for in the month of purchase, and the other one-fourth is paid for in the month following the month of purchase. In addition, a 3% discount is received for payments made in the month of purchase. How much will cash disbursements for materials purchases be in August? O $69790 O $43500 O $58000 O $55290
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