Business, 10.05.2020 03:57, prishapup27

The following data have been taken from the budget reports of Brandon company, a merchandising company.

Purchases Sales
January $170,000 $110,000
February $170,000 $210,000
March $170,000 $250,000
April $150,000 $310,000
May $150,000 $270,000
June $130,000 $250,000

Twenty percent of purchases are paid for in cash at the time of purchase, and 40% are paid for in each of the next two months. Purchases for the previous November and December were $160,000 per month. Employee wages are 15% of sales for the month in which the sales occur. Selling and administrative expenses are 25% of the following month's sales. July sales are budgeted to be $230,000. Interest payments of $21,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of April would be:

a. $278,000

b. $301,000

c. $210,000

d. $150,000

Answers: 1

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The following data have been taken from the budget reports of Brandon company, a merchandising compa...