Express Meals is a local bistro that has budgeted inventory purchases as follows: Express pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase.What is the budgeted accounts payable balance on November 30?

Question

Express Meals is a local bistro that has budgeted inventory purchases as follows:  Express pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase.What is the budgeted accounts payable balance on November 30?

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The Answer of Express Meals is a local bistro that has budgeted inventory purchases as follows:  Express pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase.What is the budgeted accounts payable balance on November 30?

Express Meals Is a Local Bistro That Has Budgeted Inventory