What is the expected total cash disbursements for expenses

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Reference no: EM132771063

Grinnell Manufacturing Company has the following information for 2020:

Month

Budgeted Sales

January

$76,000

February

85,000

March

92,000

April

79,000

Month

Budgeted Sales

January

$76,000

February

85,000

March

92,000

April

79,000

Budget Expenses per Month

Note: All cash expenses are paid as incurred; Collections from sales are 50% in the month of sale and 50% in the month following the sale; December 2019 sales were $110,000.

Problem 1: What is the expected total cash disbursements for expenses in February?

A $30,400

B $30,000

C $33,400

D $27,000

E $30,200

Reference no: EM132771063

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