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On October 1, Benson Inc. has an Accounts Payable balance of $1,200. If Benson Inc.s budgeted purchases on account during October is $2,300, and Bensons
On October 1, Benson Inc. has an Accounts Payable balance of $1,200. If Benson Inc.s budgeted purchases on account during October is $2,300, and Bensons suppliers require 60% of all purchases on account to be paid during the month of purchase, how much cash payments does Benson Inc. plan to pay during October? Assume no cash purchases.
Group of answer choices
$2,580
$1,860
$2,100
$1,920
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