D's Hardware's Monthly Purchases Are Equal to 72 Percent of the Following

question 69

Multiple Choice

D's Hardware's monthly purchases are equal to 72 percent of the following month's sales.The accounts payable period for purchases is 45 days.All other expenses are paid when incurred.Assume each month has 30 days.The company has compiled the following information: What is the projected amount of disbursements for the month of September?

• A)$16,910
• B)$19,708
• C)$19,490
• D)$17,356
• E)$20,311

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