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8. EA11. LO 7.3 Dream Big Pillow Co. pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and
8. EA11. LO 7.3 Dream Big Pillow Co. pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018 Nov. 2017 $60,000 Dec. 2017 $50,000 Jan. 2018 $35.000 Feb. 2018 $40,000 Mar. 2018 $45,000 Feb. Mar.. Payments in Quarter 1 Month of purchase Month after purchase Second month after purchase Jan. 22750 15000 3000 40750 Total for quarter
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