Use the Information Below to Answer the Following Question(s)

question 153

Multiple Choice

Use the information below to answer the following question(s) .
Lough Company prepared the following purchases budget:

All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase.
-What are the cash disbursements in October to account for the September purchases at Lough Company?

• A) $9,200
• B) $25,300
• C) $8,000
• D) $184,000

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Definitions:

Gynecomastia

The enlargement of breast tissue in males, which can occur due to hormonal imbalances, medication side effects, or certain diseases.

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An individual who experiences physical or psychological development later than typically expected.

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The occurrence of the first menstrual cycle in a female, marking the beginning of reproductive capability.