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C ezto.mheducation.com/hm.tpx GLCU:Home :::Apps (*)Your Account OKnightCite Citations- GChaplink connect. FINANCE BOM4312: B1 Fall 2017 Chapter 14 Homework Assignment Question 2 (of 4) 25.00 points The Hug-a-Bear company makes its teddy bears the month before they are sold and pays for all materials in the sales in material costs, then what is the materials cash disbursement in October? (Enter your answer in millions of dollars rounded to 2 decimal places.) month of purchase. If sales of $3.5 million are expected in November and the firm pays 60 percent of Materials cash disbursement million References eBook & Resources Worksheet Difficulty: 1 Basic esc F1 F2 F3 F4 FS

Explanation / Answer

Materials cash disbursement:

= Sales for November*Cost of goods %

= $3.50*60%

= $2.10 million

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