Swifty corporation expects to purchase $9 of materials in july and $11 of materials in august. three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. how much will august's cash disbursements for materials purchases be?

a. $105000
b. $11
c. $67500
d. $82500

option (A) $105,000

Explanation:

Data provided in the question:

Expected purchase of material in July = $90,000

Expected purchase of material in August = $110,000

Amount paid in the month of purchase =

Amount paid in the following month =

Now,

August's cash disbursements for materials purchases will be

= Three fourth of the amount of material purchased in August and one fourth of the amount of material purchased in July

[as August is the following month for July]

= × $110,000 +   × $90,000

= 82,500 + 22,500

= $105,000

Hence,

the answer is option (A) $105,000

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

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