Brooke-lyn 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: 65%
Paid in the second month following purchase: 5%
If purchases for April,May,and June were $200,000,$160,000,and $250,000,respectively,what was the firm's budgeted payables balance on June 30?
A) $175,000.
B) $179,000.
C) $183,000.
D) $189,000.
E) Some other amount.
Correct Answer:
Verified
Q64: Consider the following statements about budgetary slack:
I.
Q67: End-of-period figures for accounts receivable and payables
Q75: Gingham's expected cash balance at the end
Q76: Which of the following statements about financial
Q78: Which of the following outcomes is (are)sometimes
Q81: Terry Pineno,new-accounts manager at East Bank of
Q83: Millage Manufacturing has a cash balance of
Q84: Tiara Company has the following historical collection
Q85: Scotch Company plans to sell 400,000 units
Q87: Turbon Manufacturing plans to produce 20,000 units,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents