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Delleate Inc. has prepared the following purchases budget: Month Budgeted Purchases June $67,000 July 74,500 August 78,700 September 79,500 October 72,400 All purchases are paid
Delleate Inc. has prepared the following purchases budget:
Month | Budgeted Purchases | |
June | $67,000 | |
July | 74,500 | |
August | 78,700 | |
September | 79,500 | |
October | 72,400 |
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.
a) $76,580
b) $68,710
c) $47,620
d) $36,830
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