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Foxy company is considering its forthcoming projections for cash budget purposes. Foxy makes all purchases on account, subject to the following payment pattern: Paid in

Foxy company is considering its forthcoming projections for cash budget purposes. Foxy makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30% Paid in the first month following purchase: 60% Paid in the second month following purchase: 10% If purchases for January, February, and March were $200,000, $180,000, and $230,000, respectively, what were the firm's budgeted payments in March?

a.

$69,000.

b.

$138,000.

c.

$177,000.

d.

$197,000.

e.

Some other amount.

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