Question
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
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