Donald Company has the following information: Month Budgeted Purchases January $30,000 February 29,000 March 30,520 April 29,480
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Question:
Donald Company has the following information:
Month Budgeted Purchases
January $30,000
February 29,000
March 30,520
April 29,480
May 27,680
Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement in March from January purchases?
A) $3,052
B) $12,000
C) $12,208
D) $13,400
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