Dalton Industries makes all purchases on account, subject to the following payment pattern:
Paid in the month of purchase: 30%
Paid in the first month following purchase: 60%
Paid in the second month following purchase: 10%
If purchases for January, February, and March were $200,000, $180,000, and $230,000, respectively, what were the firm's budgeted payments in March?
A) $69,000.
B) $138,000.
C) $177,000.
D) $197,000.
E) None of the answers is correct.
Correct Answer:
Verified
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