Peabody Company prepared the following purchases budget month. June, budgeted purchases $34,400. July, $42,300. August, $40,000. September,

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Peabody Company prepared the following purchases budget month. June, budgeted purchases $34,400. July, $42,300. August, $40,000. September, $44,600. October, $48,300. All purchases are paid for as follows. 60% in the month of purchase. 35% in the following month. 5% two months after purchase. What are the total cash disbursements in August to account for the purchase of merchandise at Peabody Company? A, 70,020. B, 24,000. C, 46,590. D, 40,525

Posted Date: May 18, 2024 10:16 AM

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Peabody Company prepared the following purchases budget month. June, budgeted purchases $34,400. July, $42,300. August, $40,000. September,

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