e Sourch hole practice (3) - Protected View - Saved to this PC- Mailings Review View Help Grammarly s. Unless you need to edit it's safe to stay in Protected View Enable Editing 9 ACCT2102 Farmer Test 2 combined multiple choice practice (answers listed af end of file) 18. Red Stapler, Inc. is a wholesaler of office supplies. In the current year, actual March sales revenue totaled $100,000. April sales revenue is expected to increase 20% above March sales revenue. May sales revenue are expected to decrease 10% below April sales revenue. June sales revenue is expected to be $90,000 Prices are set to achieve a 60% gross profit. The company wants to maintain an ending merchandise inventory equal to 15% of the next month's cost of sales. The ending inventory requirement was met at the end of March. Accounts Payable consist solely of inventory purchases. Purchases from suppliers carry payment terms of 2/10, net 30. All invoices from the supplier are dated as of the end of the month regardless of when purchases are made during the month. What is Red Stapler's expected cash disbursement in May to its supplier assuming it pays within the discount period? a. $47.280.00 b. $41,277.60 I c. $42,336,00 d. 546,334.40 e. $45,276.00 O E S ALIEN W A RF