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Dream Big Pillow Co. pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second
Dream Big Pillow Co. pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018:
Dream Big Pillow Co. purchase data
Month | December 2017 | January 2018 | February 2018 | March 2018 |
---|---|---|---|---|
Purchases | $47,461 | $45,643 | $48,996 | $42,272 |
Calculate the payments made in February. Round to the nearest penny, two decimal places.
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