The Purchases Budget for Popular Paper Products shows the following values for planned purchases for the year ended December 31, 20X1: Q1 - $51,100 Q2 -$17,000 Q3 - $23,100 Q4 - $26,900 The relevant Accounts Payable balance at the beginning of Q1 is $40,000. For budgeting purposes, Popular Paper Products expects to pay for 40% of purchase cost in the quarter of purchase, and 60% in the quarter following the purchase. Given this information, what is the expected cash disbursement for purchases for Q3. Question 13 Answer a. $49,240 b. $19,440 c. $59,440 d. $50,200