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Current Attempt in Progress Betty, Inc. is preparing its cash budget for the fourth quarter. The inventory manager advises that materials purchases will be $37200

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Current Attempt in Progress Betty, Inc. is preparing its cash budget for the fourth quarter. The inventory manager advises that materials purchases will be $37200 in October and will increase by 20% for each month thereafter due to the holiday season. Betty's purchases in September were $31000. Sophia pays for purchases 50% in the month after sale and 50% in the 2nd month after the sale. What are Betty's budgeted cash payments for purchases in November? O $55800 O $37200 $34100 $40300

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