In March, a quick service restaurant purchased $75,000 worth of food and $15,000 worth of paper products.
Question:
In March, a quick service restaurant purchased $75,000 worth of food and $15,000 worth of paper products. The restaurant’s manager paid 35% of the cost of these purchases in March and plans to pay the balance in April. What will be the dollar amount of these purchases that will be paid in April?
a. $58,500
b. $31,500
c. 51,500
d. 38,500
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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