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Klint Corporation pays for 35% of its direct materials purchases in the month of purchase, and the remaining 65% the month after. Ju purchases
Klint Corporation pays for 35% of its direct materials purchases in the month of purchase, and the remaining 65% the month after. Ju purchases are $52,000, and the company anticipates $68,000 of direct material purchases in August. Operating expenses for August which include $5,000 of depreciation on office equipment. These operating expenses are paid in the month they are incurred. How much cash will be paid out in August? O $168,000 O $152,600 O $157,400 O $157,600
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