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Dane Inc has forecast purchases on account to be $316,000 in March, $377,000 in April, $429,000 in May, and $491,000 in June. Sixty percent of
Dane Inc has forecast purchases on account to be $316,000 in March, $377,000 in April, $429,000 in May, and $491,000 in June. Sixty percent of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What are budgeted cash payments for April?
$385,600
$259,600
$126,600
$352,600
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