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Purchases on account are given below: October 30,000 November 40,000 December 50,000 53% of the month's purchases will be paid in the month of the
Purchases on account are given below: October 30,000 November 40,000 December 50,000 53% of the month's purchases will be paid in the month of the purchase; 45% will be paid in the following month, and the remaining 2% is often received as a discount for good credit history. How much will the cash payments for purchases be in December? Select one or more: A. $44,500 B. $45,500 O C. $46,000 D. $50,000
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