Question

# Question 2 is through E , F, G, and H E. Expected purchases for June and...

Question 2 is through E , F, G, and H

E. Expected purchases for June and July are​ \$76,000 and​ \$90,000, respectively. Purchases for May were​ \$56,000. All purchases are paid​ 40% in the month of purchase and​ 60% the following month. At what amount are June payments for purchases​ budgeted?

A.​\$64,000

B.​\$88,800

C.​\$68,000

D.​\$100,000

F. A lamp store purchased \$3,000 of lamps in September. The store had \$1,100 of lamps on hand at the beginning of​ September, and expected to have \$1,000 of lamps at the end of September to cover part of anticipated October sales. What is the budgeted cost of goods sold for​ September?

A. \$2,900

B. \$5,100

C. \$4,100

D. \$3,100

G. Goliath Company prepared the following purchases​ budget:

 Month Budgeted Purchases June ​\$34,200 July ​\$41,000 August ​\$39,600 September ​\$45,900 October ​\$48,700

All purchases are paid for as​ follows: 60% in the month of​ purchase, 35% in the following​ month, and​ 5% two months after purchase. What are the cash disbursements in August to account for the June purchases at Goliath​ Company?

A.​ \$16,065

B. ​\$1,710

C.​ \$11,970

D. ​\$20,520

H. Goliath Company prepared the following purchases​ budget:

 Month Budgeted Purchases June ​\$35,700 July ​\$41,200 August ​\$38,100 September ​\$45,800 October ​\$48,000

All purchases are paid for as​ follows: 60% in the month of​ purchase, 35% in the following​ month, and​ 5% two months after purchase.

What are the total cash disbursements in October to account for the purchase of merchandise at Goliath​ Company?

A. ​\$46,735

B. ​\$39,065

C. ​\$28,800

D. ​\$48,000

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