Holmes Manufacturing Inc had the following purchases budgeted for the last six months of 2013: July $60,000 August 45,000 September 52,000 October 60,000 November 80,000 December 85,000 Holmes pays one-half of a month's purchases in the month of purchase and the remainder in the following month. What are expected total cash disbursements for the last quarter of 2013?
A) $112,500
B) $225,000
C) $182,500
D) $208,500
D
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