Question: The total cash disbursement for August is _____.

Choices: P131,300 P67,500 P140,000 P143,080 P135,695

Pete's Pasta, a distributor of specialty pastas, reported sales of P460,000 in May and P495,000 in June. Sales for the next three months are projected to be P473,000, P432,000 and P450,000 respectively. Ten percent of sales are cash; 35% are collected as receivables one month later with the remainder collected two months later. Monthly purchases are 25% of sales. Forty percent of purchases are paid one month later and 60% are paid two months later. Each month, Pete's Pasta also incurs rent payments of P3,500, wage and salary expenses of P16,000, interest payments of P2,000, and amortization expense of P3,000. Based on the above Information, which of the following is true