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Question(s) / Instruction(s):

Della Company prepared the following purchases budget

Month  Budgeted Purchases

June      $67,000

July        $72,500

August  $76,300

September         $73,700

October               $69,200

All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase.

What are the cash disbursements in August for June purchases?

A.            $7,630

B.            $26,800

C.            $30,520

D.            $33,500

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