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Healing Company Has the Following Information Purchases Are Paid as Follows:
10% in the Month of

Question 20

Multiple Choice

Healing Company has the following information:
 Month  Budgeted Purchases  January $56,800 February 49,000 March 30,520 April 35,480 May 27,680\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 56,800 \\\text { February } & 49,000 \\\text { March } & 30,520 \\\text { April } & 35,480 \\\text { May } & 27,680\end{array}
Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement in May from April purchases?


A) $11,072
B) $11,792
C) $13,840
D) $17,740

Correct Answer:

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