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Payables and receivables for March are $35,000 & $25,000, respectively. Current month (April) purchases equals $150,000 and current month sales equals $200,000. If 50% of
Payables and receivables for March are $35,000 & $25,000, respectively. Current month (April) purchases equals $150,000 and current month sales equals $200,000. If 50% of purchases and sales are paid and/or received during the current month and the other 50% is paid and/or received the following month, how much cash was paid during the month of April?
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