Mathison Enterprises has a balance in accounts payable of $ 34,500 at the beginning of the budgeting

Question:

Mathison Enterprises has a balance in accounts payable of $ 34,500 at the beginning of the budgeting period. Mathison expects to purchase $ 890,000 of direct materials during the period and intends to pay its suppliers for amounts owed from last period plus 90 percent of material purchases during the budgeted period. What is the expected cash disbursement?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...