Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May $156,600 $200,000 850 1,800 550 Manufacturing costs* Insurance expense** Depreciation expense Property tax expense*** *Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $850 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). ***Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are O a. $156,600 O b. $117,450 O c. $120,000 O d. $138,300 850 1,800 June 550 $213,100 850 1,800 550

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: *Of the manufacturing costs, three-fourths are paid for in the month they are incurfed; one-fourth is paid in the following month. Insurance expense is $850 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). ***p property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are a. $156,600 b. $117,450 c. $120,000 d. $138,300