Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs* $159,200 $192,600 $206,100 Insurance expense** 1,130...




Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:




































April

May

June
Manufacturing costs*$159,200$192,600$206,100
Insurance expense**1,1301,1301,130
Depreciation expense1,8801,8801,880
Property tax expense***450450450

* 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 $1,130 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.$140,995

b.$122,790

c.$119,400

d.$159,200



Jun 05, 2022
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