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please explain the answer 6) Delleate, Inc. has prepared the following direct materials purchases budget Budgeted DM Purchases Month June ul August September October 68,000
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6) Delleate, Inc. has prepared the following direct materials purchases budget Budgeted DM Purchases Month June ul August September October 68,000 500 6,300 5,000 All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate total cash payments made in October for purchases 6) A) $75,220 7) Zale, Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Sales (20% cash) 400,000 600,000 800,000 The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. 7) A) $552,000Step by Step Solution
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