Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a venture pays 60% of its purchases in the current month purchases and the remainder 40% in the following month.if the purchases for the month

a venture pays 60% of its purchases in the current month purchases and the remainder 40% in the following month.if the purchases for the month of August are $20M and for the month of September are $30M. Find the disbursement for purchases for the month of September

$21M

$26M

$12M

$16M

$9M

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions