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Gilbert Industries provides the following information 1. The company expects its September sales to be 20% higher than its August sales of $150,000. All sales
Gilbert Industries provides the following information 1. The company expects its September sales to be 20% higher than its August sales of $150,000. All sales are on credit and are collected as follows: 30% in the month of sale, and 70% in the the following month. 2. Manufacturing costs were $100,000 in August and are expected to be $120,000 in September. Cash payments for manufacturing costs are as follows: 20% in the month of production, and 80% the following month. 3. The beginning cash balance of September 1 is $7,500. What are Gilbert Inc.'s cash disbursements for manufacturing costs in September? O $120,000 O $105,000 O $115,000 O $100,000
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