Kizspy | Question: 27
(Choose 1 answer)
XYZ Ltd. company is planning to purchase inventory for resale costing $90,000 in May, $100,000 in June, and
$80,000 in July. The company pays for 35% of its purchases in the month of purchases, and 65% in the month
following purchases. What would be the budgeted cash disbursements for purchases of inventory in July?
A. $65,000
B. $93,000
C. $58,000
D. $70,000
