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What is the accounts payable total at the end of november

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Osgiliath Company is trying to budget the November 2016 cash payments for accounts payable. Management believes that, of a given month's purchases, 40% are paid in month of purchase, and a 2% discount is given of what is paid in that month. The remaining 60% are paid in the following month. Expected unit purchases for October and November are 91,200 and 68,300 units, respectively. The cost per unit is $3.80.

1. What are Osgiliath's cash disbursement requirements for November?

a. $101,740

b. $309,676

c. $103,816

d. $311,752

2. What is the accounts payable total at the end of November?

a. $207,936
b. $155,724
c. $103,816
d. $101,740

Reference no: EM131785660

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