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Peabody Company prepared the following purchases budget. Month. June, 35,600. July, 42,200. August, 38,500. September, 44,300. October, 49,300. All purchases are paid for as follows.
Peabody Company prepared the following purchases budget. Month. June, 35,600. July, 42,200. August, 38,500. September, 44,300. October, 49,300. All purchases are paid for as follows. 40% in the month of purchase, 55% in the following month, and 5% two months after purchase. What are the total cash disbursements in October to account for the purchase of merchandise at Peabody Company? A. 40,390. B. 19,720. C. 46,010. D. 49,300
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