Mickle Company has the following information:
Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-The total cash disbursements in November for the purchase of merchandise should be
A) $182,500.
B) $201,500.
C) $194,500.
D) $202,250.
Correct Answer:
Verified
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