Question
Delleate, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June $67,000 July 77,500 August 77,500 September 79,800 October 71,800 All
Delleate, Inc. has prepared the following direct materials purchases budget:
| Month | Budgeted DM Purchases |
| June | $67,000 |
| July | 77,500 |
| August | 77,500 |
| September | 79,800 |
| October | 71,800 |
All purchases are paid for as follows: 40% in the month of purchase,50% in the following month, and 10% two months after purchase. Calculate total cash payments made in October for purchases.
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The Why And How Of Auditing Auditing Made Easy
Authors: Charles B. Hall
1st Edition
0578519739, 978-0578519739
