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Digregory makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 25% Paid in the first month following
Digregory makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 25% Paid in the first month following purchase: 55% Paid in the second month following purchase: 20% If purchases for January, February, and March were $210,000, $190,000, and $240,000, respectively, what were the firm's budgeted payments in March?
a.) $60,000
b.) $132,000
c.) $164,500
d.) $206,500
e.) Some other amount.
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