Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marigold, Inc. has budgeted direct materials purchases of $150500in March and $239800in April. Past experience indicates that the company pays for60% of its purchases in

Marigold, Inc. has budgeted direct materials purchases of $150500in March and $239800in April. Past experience indicates that the company pays for60% of its purchases in the month of purchase and the remaining40% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted:

Wages expense

$75700Purchase of office equipment

36500Selling and administrative expenses

23300Depreciation expense18900Accounts Receivable write-offs9500

How much is budgeted cash disbursements for April?

$316280

$358480

$204080

$339580

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

8th Edition

1259116832, 9781259116834

More Books

Students also viewed these Accounting questions