Question: The following selected data pertain to Phineus Corporation: Please provided detailed calculations/how
Cash Operating Expenses - 180,000
Depreciation - 60,000
Merchandise purchase 560,000
Eliminated payments in july for purchaces in June - 220,000
Estimated payments in july for purchases prior to june 50,000
Estimated payments in july for purchases in july 40%
July's cash disbursements are expected to be:
A. $404,000.
B. $464,000.
C. $674,000.
D. $734,000.
E. Some other amount.