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Gasiorowksi Limited purchases some of its goods on credit and some for cash. On average, in any given month, the company expects 20% of its

Gasiorowksi Limited purchases some of its goods on credit and some for cash.

On average, in any given month, the company expects 20% of its purchases of goods to be paid for in cash.

This means, in any given month, 80% are paid with credit. Of the purchases made on credit 70% would be paid for in the next following month (1 month later), and 30% in the month after that (2 months later).

Purchases of goods are budgeted as follows for a four-month period:

September

October

November

December

91496

124499

109841

97557

Required:Calculate the cash paid in December for purchases of goods.

Round answer at the end to nearest pound ().

Select one:

a.100505

b.91391

c.133750

d.110902

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