Question
69. A company plans to purchase inventory for the second half of 2014as follows July$100,000 August$75,000 September$225,000 October$125,000 November$250,000 December$30,000 They usually pay 50% of
69. A company plans to purchase inventory for the second half of 2014as follows
July$100,000
August$75,000
September$225,000
October$125,000
November$250,000
December$30,000
They usually pay 50% of inventory purchases in the month of purchase, 35% in the following month, and 15% in the second month. Based on the information, what are the forecasted December cash payments?
$15,000
$18,750
$87,500
$121,250
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
