Discuss problem related to phineus corporation

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Question: The following selected data pertain to Phineus Corporation: Please provided detailed calculations/how

Cash Operating Expenses - 180,000

Depreciation - 60,000

Merchandise purchase 560,000

Eliminated payments in july for purchaces in June - 220,000

Estimated payments in july for purchases prior to june 50,000

Estimated payments in july for purchases in july 40%

July's cash disbursements are expected to be:

A. $404,000.

B. $464,000.

C. $674,000.

D. $734,000.

E. Some other amount.

Reference no: EM131748849

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