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Mask Pty. Ltd. is a mask wholesaler, and its purchase costs for September to December 2020 are: Months Purchases September $100,000 October $120,000 November $125,000

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Mask Pty. Ltd. is a mask wholesaler, and its purchase costs for September to December 2020 are: Months Purchases September $100,000 October $120,000 November $125,000 December $130,000 All purchases are made on credit, with payments to suppliers based to the following pattern: 40% paid in the month of purchase; and 60% in the following month of the purchase. Required: Prepare a schedule of expected cash payments for purchases for the month of November 2020.03 marks)

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