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Shown below data about four quarters of 2020 budget for X Company: Third quarter cost of material 40000 Fourth quarter 50000 -70% of quarter's
Shown below data about four quarters of 2020 budget for X Company: Third quarter cost of material 40000 Fourth quarter 50000 -70% of quarter's purchases is paid for in the quarter of purchases and the remaining 30% is paid for in the following quarter. Cash disbursement schedule for fourth quarter would be: OA. $24900 OB. $47000 OC. $35600 OD. none of the above
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