question archive Shown below data about four quarters of 2020 budget for X Company: Third quarter Fourth quarter cost of material 40000 50000 -70% of quarter's purchases is paid for in the quarter of purchases and the remaining 30% is paid for in the following quarter
Shown below data about four quarters of 2020 budget for X Company: Third quarter Fourth quarter cost of material 40000 50000 -70% of quarter's purchases is paid for in the quarter of purchases and the remaining 30% is paid for in the following quarter
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Shown below data about four quarters of 2020 budget for X Company: Third quarter Fourth quarter cost of material 40000 50000 -70% of quarter's purchases is paid for in the quarter of purchases and the remaining 30% is paid for in the following quarter. Cash disbursement schedule for fourth quarter would be: O A. $24900 B. $47000 O C. $35600 D. none of the above
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Cash disbursement schedule for fourth quarter would be :- (B) $47,000.
| 3rd Quarter | 4th Quarter | |
| Cost of Material | 40,000 | 50,000 |
| Cash Disbursement | 47,000 |
($50,000*70%)+($40,000*30%) = $47,000.
