* 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
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