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Landon Gutairs inc. made 7,500 in sales and 2840 in purchases in September and 10,000 in sales and 3132 in purchases in October. the majority
Landon Gutairs inc. made 7,500 in sales and 2840 in purchases in September and 10,000 in sales and 3132 in purchases in October.
the majority of Landons sales 80% are made in cash and the remaining 20% are on credit of the credit sales 50% are collected the month of sale and 50% are collected in the following month
all of Landon's purchases are on account with 70% paid in the month of the purchase and 30% paid in the following month
What are Landon's budgeted cash payments for purtchases for October!
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