Flower Corporation pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. If the budgeted cost of raw materials purchases in July is $256,550 and in August is $278,050, then in August the total budgeted cash disbursements for raw materials purchases is closest to:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Flower Corporation pays for 40% of its raw materials purchases in the month of
purchase and 60% in the following month. If the budgeted cost of raw materials
purchases in July is $256,550 and in August is $278,050, then in August the
total budgeted cash disbursements for raw materials purchases is closest to:
O $265,150
O $153,930
O $166,830
O $111,220
Transcribed Image Text:Flower Corporation pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. If the budgeted cost of raw materials purchases in July is $256,550 and in August is $278,050, then in August the total budgeted cash disbursements for raw materials purchases is closest to: O $265,150 O $153,930 O $166,830 O $111,220
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