ogether with any person DURING the quiz.-- The time limit for this quiz is 90 minutes. 2 3 4 6 7 8 9 10 | 11 | 12 | 13 It is January 1 of Year 2. Purchases for Yosef Company for January, February, and March are forecasted to be as follows: January, $200,000; February $400,000; March, $500,000. 40% of purchases are for cash. Of the credit purchases, 30% are paid during the month of the purchase 50% in the month following the purchase, and 20% in the second month following the purchases. TOTAL purchases for November and December of Year I were $200,000 and $400,000, respectively. What is the forecasted amount of total CASH PAYMENTS FOR PURCHASES in March? Note: This is the sum of immediate payments from cash purchases, same-month cash payments of credit purchases, and cash payments for credit purchases made in prior months. $348,000 $460.000 5374,000 5434.000 5472.000 Prev Next Desktop a How much cash will be needed to pay the following general and administrative expenses? Advertising expense $ 4,500 Executives' salaries expense 10,000 Depreciation expense 5,250 Amortization of patent 1,225 Interest expense 1750 Total $21,725 $16,475 $20.500 $21.725 $15.250