Solved

Ivory IncHas Forecast Purchases on Account to Be $310,000 in March,$370,000

Question 3

Multiple Choice

Ivory Inc.has forecast purchases on account to be $310,000 in March,$370,000 in April,$420,000 in May,and $490,000 in June.Seventy percent of purchases are paid for in the month of purchase,the remaining 30% are paid in the following month.What are budgeted cash payments for June?


A) $441,000
B) $469,000
C) $343,000
D) $294,000

Correct Answer:

verifed

Verified

Related Questions