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Holmes Manufacturing Inc

Question 48

Multiple Choice

Holmes Manufacturing Inc. had the following purchases budgeted for the last six months of 2013: Holmes Manufacturing Inc. had the following purchases budgeted for the last six months of 2013: Holmes 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) $112,500 B) $225,000 C) $182,500 D) $208,500 Holmes 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) $112,500
B) $225,000
C) $182,500
D) $208,500

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