Solved

Delleate Ltd Has Prepared the Following Purchases Budget All Purchases Are Paid for as Follows: 10% in the |

Question 118

Multiple Choice

Delleate Ltd has prepared the following purchases budget:
 Month  Budgeted purchases  June $69,000 July 72,500 August 76,900 September 78,900 October 77,200\begin{array} { | l | l | } \hline \text { Month } & \text { Budgeted purchases } \\\hline \text { June } & \$ 69,000 \\\hline \text { July } & 72,500 \\\hline \text { August } & 76,900 \\\hline \text { September } & 78,900 \\\hline \text { October } & 77,200 \\\hline\end{array}
All purchases are paid for as follows: 10% in the month of purchase,50% in the following month and 40% two months after purchase.Calculate total cash payments made in October for purchases.


A) $47,170
B) $77,930
C) $38,480
D) $70,210

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions