Catano Corporation pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month.If the budgeted cost of raw materials purchases in July is $256,550 and in August is $278,050, then in August the total budgeted cash disbursements for raw materials purchases is closest to:

A) $265,150
B) $153,930
C) $166,830
D) $111,220

Question

Kaleea Arkell · Accepted Answer

Final Answer : A, Explanation :  The estimated cash disbursements for materials purchases in August is computed as follows:

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