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Joe Smith provides you with the following information for the coming months of January to March. Actual and budgeted sales and purchases figures are as
Joe Smith provides you with the following information for the coming months of January to March. Actual and budgeted sales and purchases figures are as follows NOV DEC VAN FEB MAR Cash Sales 115 000 125 000 80 000 100 000 Credit Sales 120 000 125 000 138 000 94 000 114 000 Cash Purchases 132 000 45 000 42 000 88 000 110 000 42 000 Credit Purchases 110 000 30 000 80 000 114 000 100 000 Additional information Accounts payables are paid as follows: These accounts are settled in the month following the purchase. 85 % of the suppliers give a 5 % discount and the balance give no discount. The amount of payment to accounts payable for Jan, Feb and March is Additional information Accounts payables are paid as follows: These accounts are settled in the month following the purchase. 85 % of the suppliers give a 5 % discount and the balance give no discount. The amount of payment to accounts payable for Jan, Feb and March is Select one: a. R76 600, R12 000 and R17 100 0 b. rR24 225. R64 600 and R92. 055 C. R4500, R64 600 and R92 056 d. R28 725 276 600 and R109, 155
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