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Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $157,000 $197,000

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Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $157,000 $197,000 $200,000 Insurance expense" 850 850 850 Depreciation expense 2,040 2,040 2,040 Property tax expense*** 440 440 440 *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 for Finch Company expected in the month of June are a. $201,500 b. $49,250 c. $250,750 d. $152,250 grows TT

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