Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. manufacturing costs* $159,000 $196,100 $219,100

Manufacturing costs* $159,000 $196,100 $219,100 Insurance expense** 1,010 1,010 1,010 Depreciation...

60.1K

Verified Solution

Question

Accounting

Manufacturing costs* $159,000 $196,100 $219,100
Insurance expense** 1,010 1,010 1,010
Depreciation expense 2,140 2,140 2,140
Property tax expense*** 490 490 490

* Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $1,010 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October). ***Property tax is paid once a year in November.

The cash payments expected for Finch Company in the month of April are

a.$140,640

b.$159,000

c.$119,250

d.$122,280

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students