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

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The following data have been taken from the budget reports of Brandon Company, a merchandising company. January........... February... March........ April. May. June. Sales $100,000 $200,000 $160,000 $240,000 $140,000 $300,000 $140,000 $120,000 Purchases $160,000 $160,000 $260,000 $240,000 Forty percent of purchases are paid for in cash at the time of purchase, 30% are paid for in the following month and the remaining 30% is paid in the 2nd month after the purchase. Purchases for the previous November and December were $150,000 per month. Employee wages are paid in cash each month and amount to 10% of sales for the month in which the sales occur. Selling and administrative expenses are paid in cash each month and amount to 20% of the following month's sales. (July sales are budgeted to be $220,000.) Interest payments of $20,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of February would be: erly in January and April. Brandon's cash disbursements for the month of February would be: O $248,000 O $245,000 O$225,000 O $254,000 The following data have been taken from the budget reports of Brandon Company, a merchandising company. January........... February... March........ April. May. June. Sales $100,000 $200,000 $160,000 $240,000 $140,000 $300,000 $140,000 $120,000 Purchases $160,000 $160,000 $260,000 $240,000 Forty percent of purchases are paid for in cash at the time of purchase, 30% are paid for in the following month and the remaining 30% is paid in the 2nd month after the purchase. Purchases for the previous November and December were $150,000 per month. Employee wages are paid in cash each month and amount to 10% of sales for the month in which the sales occur. Selling and administrative expenses are paid in cash each month and amount to 20% of the following month's sales. (July sales are budgeted to be $220,000.) Interest payments of $20,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of February would be: erly in January and April. Brandon's cash disbursements for the month of February would be: O $248,000 O $245,000 O$225,000 O $254,000

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Ans Cash disbursement for the mouth of April Payments 48000 for February ... View the full answer