Answer this Question Nova Retail Company expects to purchase$95,000 of materials in September and$110,000 of materials in October. Three-quarters of all purchases are paid for in themonth of purchase, and the other one-fourthare paid for in the month following the monthof purchase.How much will October's cash disbursementsfor materials purchases be?

Provided Data:September purchases = $95,000October purchases = $110,000Three-quarters (¾) of…

Answered: Nova Retail Company expects to purchase…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 14EA: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is...

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How much cash disbursement for Material purchase be?
Nova Retail Company expects to purchase $95,000 of materials in September and $110,000 of materials in October. Three-quarters 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. How much will October's cash disbursements for materials purchases be?
Swifty Corporation expects to purchase $140,000 of materials in July and $160,000 of materials in August. 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. How much will August's cash disbursements for materials purchases be?
Johns industries expects to purchase $160000 of materials in July and $180000 of materials in August. 3/4 of all purchases are paid 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? 1) 120000 2) 175000 3) 180000 0r 4) 135000
Ash Merchandising Company expects to purchase $86,000 of materials in July and $118,000 of materials in August. Three-quarters 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. How much will August's cash disbursements for materials purchases be? I need Solution
Ash Merchandising Company expects to purchase $86,000 of materials in July and $118,000 of materials in August. Three- quarters 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. How much will August's cash disbursements for materials purchases be?

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