Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Step by step instructions Lough Company prepared the following purchases budget Month June July August September October Budgeted Purchases $38,000 $45,000 S39,800 $46,000 $48,300 All
Step by step instructions Lough Company prepared the following purchases budget Month June July August September October Budgeted Purchases $38,000 $45,000 S39,800 $46,000 $48,300 All purchases are paid for as follows 20% to months after purchase 45% in the following month, and 35% in the month of purchase. What are the cash disbursements in October to account for the September purchases at Lough Company? OA. $20,700 B. $46,000 ??. S9.200 O D. $7.600 Click to select your
Step by step instructions
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started