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Author Question: Samson Company prepared the following purchases budget:MonthBudgeted ... (Read 51 times)

jhjkgdfhk

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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 total cash disbursements in August for the purchase of merchandise?
◦ $7,920
◦ $40,540
◦ $33,420
◦ $45,280


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Marked as best answer by jhjkgdfhk on Jan 5, 2020

Bigfoot1984

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jhjkgdfhk

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review


T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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