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Shown below data about four quarters of 2020 budget for X Company: cost of material First quarter Second quarter 50000 60000 -70% of quarter's
Shown below data about four quarters of 2020 budget for X Company: cost of material First quarter Second quarter 50000 60000 -70% of quarter's purchases is paid for in the quarter of purchases and the remaining 30% is paid for in the following quarter. -At 31/12/2019, $8150 account payable was due. Cash disbursement schedule for second quarter would be: O A. $25000 B. $57000 O C. $36900 D. none of the above
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