Business, 05.05.2020 09:17 cogger815

ABS Co. has budgeted its activity for April according to the following information: Sales at $500,000, 60% by cash, and rest on account. Budgeted depreciation for April is $10,000. The cash balance at April 1 was $12,000. Selling and administrative expenses are budgeted at $45,000 for April and are paid completely in cash in May. The invoice cost for merchandise purchases represents 50% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for April? Group of answer choices

a. $250,000
b. $295,000
c. $7,000
d. $305,000

Answers: 3

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ABS Co. has budgeted its activity for April according to the following information: Sales at $500,00...