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Arada [10]
3 years ago
10

Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August. Three-fourths of all purchase

s are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be
A. 135,000
B. 202,500
C. 210,000
D. 157,500
Business
1 answer:
Savatey [412]3 years ago
4 0

Answer:

The correct option is B.

Explanation:

It is given that Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August.

Purchase in July = $180,000

Purchase in August = $210,000

Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase.

In August, the cash disbursements for materials purchases be 3/4th of $210,000 (Purchase in August) and 1/4  of $180,000 (Purchase in July).

August's cash disbursements for materials purchases be

Amount=\frac{3}{4}\times 210000+\frac{1}{4}\times 180000

Amount=157500+45000

Amount=202500

The August's cash disbursements for materials purchases be $202500. Therefore the correct option is B.

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Solution:

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       Future value of these payments at t=9

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Answer:

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