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Lambert Company purchased $140 of goods in September and expects to purchase $130 of goods in October. Lambert typically pays for 20% of purchases in
Lambert Company purchased $140 of goods in September and expects to purchase $130 of goods in October. Lambert typically pays for 20% of purchases in the month of purchase and 80% the following month. Every month, Lambert must make the following payments: Rent $5 Wages $14 Utilities $3 Telephone $0.4 Loan on equipment $1.2 In mid-October, Lambert expects to buy a new computer for $4.5 using the company credit card. Typically the credit card bill is paid in full in the following month. September credit card purchases totaled $7. What is the total cash disbursements expected by Lambert during the month of October? 5172.1 $55.6 $1686 $167.6
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