The following information is available for ABC Co.

How much money should be budgeted for supplier payments in June?
A $10,500 B $14,000 C $24,500 D $30,000

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May June $ $ Budgeted sales 30,000 40,000 Gross profit as a percentage of sales 30% 30% Closing trade payables as a percentage of cost of sales 50 50% Opening inventory Closing inventory 22 nil nil nil nil