Delleate,Inc.has prepared the following direct materials purchases budget:

All purchases are paid for as follows: 10% in the month of purchase,50% in the following month,and 40% two months after purchase.Calculate total cash payments made in October for purchases.

Question

Delleate,Inc.has prepared the following direct materials purchases budget:

All purchases are paid for as follows: 10% in the month of purchase,50% in the following month,and 40% two months after purchase.Calculate total cash payments made in October for purchases.

Quizplus · Accepted Answer

D)
Payments in October:
For Oct.purchases
 11ea8a42_4fa1_7fcf_8b44_cb0fa7d72782_TB5024_00 For Sept.purchases
 11ea8a42_4fa1_7fd0_8b44_351ed73f4b3c_TB5024_00 For Aug.purchases
 11ea8a42_4fa1_a6e1_8b44_c117da129169_TB5024_00

Delleate,Inc.has Prepared the Following Direct Materials Purchases Budget