Multiple Choice
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the
following month.**Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the
quarter (i.e., January, April, July, and October) .***Property tax is paid once a year in November.
-The cash payments for Finch Company expected in the month of June are
A) $215,500
B) $188,800
C) $214,000
D) $212,000
Correct Answer:

Verified
Correct Answer:
Verified
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