Merrell Enterprises Had the Following Purchases Budgeted for the Last

question 61

Multiple Choice

Merrell Enterprises had the following purchases budgeted for the last six months of 2013: Merrell pays one-half of a month's purchases in the month of purchase and the remainder in the following month. What are expected total cash disbursements for the last quarter of 2013?

• A) $210,000
• B) $255,000
• C) $130,000
• D) $260,000

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