Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $72,000 in August

Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $72,000 in August. Planet typically pays for 40% of purchases in the month of purchase and 60% in the following month. What are Planet Company's total expected cash disbursements for purchases in the month of August? $60,000 $53,700 $58,800 $63,200
A company requires 220 pounds of plastic to meet the production needs of a product. It currently has 25 pounds of plastic inventory. The desired ending inventory of plastic is 70 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period? 245 pounds 195 pounds 265 pounds 290 pounds