Becham Inc $\begin{array}{lr} \text { October } &\$75000\\ \text { November } &90000\\ \text { December } &84000\\\end{array}$

question 11

Multiple Choice

Becham Inc.had the following purchases budgeted for the last quarter of 2009:
$\begin{array}{lr} \text { October } &\$75000\\ \text { November } &90000\\ \text { December } &84000\\\end{array}$

Becham pays one-half of a month's purchases in the month of purchase and the remainder in the following month.What are expected cash disbursements for the month of December?

• A) $124 500
• B) $ 84 000
• C) $ 87 000
• D) $ 42 000

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Definitions:

Actual Price

The price at which a good or service is sold, not considering discounts or adjustments.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.

Priced At

The specified cost at which a good or service is offered for sale in the market.

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.