Purchases on account are given below: $$\begin{array} { | r | r | r | }
\hline \text { October } & \text { November } & \text { December } \
\hline 30,000 & 40,000 & 50,000 \
\hline
\end{array}$$ 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.
How much will the cash payments for purchases be in December?

Question

Purchases on account are given below: $$\begin{array} { | r | r | r | } 
\hline \text { October } & \text { November } & \text { December } \
\hline 30,000 & 40,000 & 50,000 \
\hline
\end{array}$$ 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.
How much will the cash payments for purchases be in December?

Quizplus · Accepted Answer

In December, 55% of December's purchases ($50,000) will be paid, which is $27,500. Additionally, 45% of November's purchases ($40,000) will be paid, which is $18,000. The total cash payments in December will be $27,500 + $18,000 = $45,500.

Purchases on Account Are Given Below 55% of the Month's Purchases Will Be Paid in the |