Question
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $157,200 $198,900
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $157,200 $198,900 $208,400 Insurance expense** 1,140 1,140 1,140 Depreciation expense 2,090 2,090 2,090 420 420 420 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 $1,140 a month; however, the insurance is paid four times yearly in the first month of the quarter, (l.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 Oa. $157,200 Ob. $117.900 Oc. $121.320 Od. $139.260 Previous All work saved. Submit Test for Grading
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