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Brooke-Lyn Makes All Purchases on Account,subject to the Following Payment

Question 80

Multiple Choice

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:

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