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Marjorie Company Has the Following Information Purchases Are Paid as Follows:
75% in the Month of

Question 112

Multiple Choice

Marjorie Company has the following information:
 Month  Budgeted Purchases  January $25,000 February 19,000 March 33,000 April 27,000 May 27,680\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 25,000 \\\text { February } & 19,000 \\\text { March } & 33,000 \\\text { April } & 27,000 \\\text { May } & 27,680\end{array}
Purchases are paid as follows:
75% in the month of purchase
25% one month after purchase
What are the estimated cash disbursements in March?


A) $22,500
B) $24,750
C) $29,500
D) $39,000

Correct Answer:

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