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Author Question: Samson Company prepared the following purchases budget:MonthBudgeted ... (Read 42 times)

bobthebuilder

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Samson Company prepared the following purchases budget:

MonthBudgeted Purchases
June$35,600
July$42,500
August$39,600
September$45,800
October$49,400

All purchases are paid for as follows: 20% in the month of purchase, 60% in the following month, and 20% two months after purchase.


What are the Samson Company cash disbursements in August for June purchases?
◦ $21,360
◦ $35,600
◦ $7,120
◦ $27,480


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Marked as best answer by bobthebuilder on Jan 5, 2020

Laurenleakan

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bobthebuilder

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Reply 2 on: Jan 5, 2020
Excellent


jamesnevil303

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Reply 3 on: Yesterday
Wow, this really help

 

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