Question

Lindell Co. expects to purchase $19,100 of materials in July and $22,700 of materials in August. 70.00% of all purchases are paid for in the month of purchase, and the remaining 30.00% are paid for in the month following the month of purchase. What will be the company's cash disbursements in August?

Answer 1

Take 30% of July’s expense and take 70% of Augusts expense and add them together for your answer. Please thanks!