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Cumberland Medical Supplies sells incontinence products for $10, and the purchase cost is $6 per package. The firm keeps an inventory of 40% of next
Cumberland Medical Supplies sells incontinence products for $10, and the purchase cost is $6 per package. The firm keeps an inventory of 40% of next month's forecast sales. Each month, it pays suppliers 70% of the current month's purchases, and the remainder is paid in the following month. The first 5 months' sales budget is as follows.
What are Cumberland's cash payments to suppliers in total from February through April?
Group of answer choices
$13,000
$45,960
$70,800
$78,000
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