Business, 17.03.2020 05:43 lilyella1004

Calculator Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs* $157,700 $198,300 $201,000 Insurance expense 870 870 870 Depreciation expense 1,870 1,870 1,870 Property tax expense* 520 520 520 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 $870 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 May are a.$39,425 b.$148,725 c.$188,150 d.$227,575

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Calculator Finch Company began its operations on March 31 of the current year. Finch has the followi...

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