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2.Alliance Construction is estimating the following raw material purchases for the final four months of the year: September: $800,000 October: $960,000 November: $830,000 December: $760,000
2.Alliance Construction is estimating the following raw material purchases for the final four months of the year: September: $800,000 October: $960,000 November: $830,000 December: $760,000 At Alliance, 30% of raw materials purchases are normally paid for in the month of purchase. The remaining 70% is paid for in the month following the purchase. How much cash should Alliance expect to pay out for the raw material purchases during November?>>> Please show work
a. $921,000 b. $91,000 c. $537,000 d. $869,000
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