Casper Company purchased $40,000 of goods in July and expects to purchase $60,000 of goods in August. Casper typically pays for 25% of purchases in the month of purchase and 75% in the following month. What are Casper Company's total expected cash disbursements for purchases in the month of August?
A) $45,000
B) $40,000
C) $55,000
D) $60,000
E) $100,000
A
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