What are the budgeted cash disbursements for April

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Question - A company budgeted for the following purchases for raw materials

Jan $10,000

Feb $20,000

Mar $25,000

Apr $22,000

May $27,000

June $30,000

Jul $24,000

The company has a policy of paying 30% of the purchases in the month of purchase 50% in the month following the purchase and 20% in the second month following the purchase. Based on this information, what are the budgeted cash disbursements for April?

A. $19,000

B. $26,100

C. $23,100

D. $21,600

Reference no: EM132429740

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