Question
Lough Company prepared the following purchases budget: Month Budgeted Purchases June $ 45 comma 000 $45,000 July $ 41 comma 000 $41,000 August $ 38
Lough Company prepared the following purchases budget: Month Budgeted Purchases June $ 45 comma 000 $45,000 July $ 41 comma 000 $41,000 August $ 38 comma 500 $38,500 September $ 47 comma 000 $47,000 October $ 50 comma 000 $50,000 All purchases are paid for as follows: 20 20% two months after purchase, 45 45% in the following month, and 35 35% in the month of purchase. What are the total cash disbursements in October to account for the purchase of merchandise at Lough Company? A. $ 17 comma 500 $17,500 B. $ 40 comma 925 $40,925 C. $ 46 comma 350 $46,350 D. $ 38 comma 650]
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