Creditors' accounts are settled 35% in the month of purchase and 65% in the month after the purchase. If credit purchases are $20 000 in January and $26 000 in February, how much cash is paid to creditors in February? Select one: : a. $46 000 b. $26 000 c. $20 000 O d. $22 100 Network Company Pty Ltd made the following estimates for the three months ending 31st March. This is Network Company's first period of operation and their starting cash balance is $5 000. ESTIMATES: Cash receipts from sales $600 000 Cash payments for expenses 260 000 Purchase of non-current assets ($10 000 40 000 balance to be paid April) Depreciation of non-current assets 8 000 Repayment of bank loan 50 000 Using the estimates provided above, What is the expected cash receipts at 31st March? Select one: a. $252 000 O b. $255 000 O c. $272 000 O d. $600 000 Previous page Next page Quimio TOT