How much will the cash payments for purchases be in November?

Name: How much will the cash payments for purchases be in November?
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

Budgeted cash payments for inventory in November = (October purchases x Percent paid in month following month of purchase)+ (November purchases x Percent paid in month of sale)
Budgeted cash payments for inventory in November = ($30,000 x 45%)+ ($40,000 x 55%)= $13,500 + $22,000 = $35,500

How Much Will the Cash Payments for Purchases Be in November