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The projections of direct materials purchases that follow are for the Sombo Corporation. Purchases on Account Cash Purchases December $40,000 $30,000 January 60,000 33,000 February
The projections of direct materials purchases that follow are for the Sombo Corporation.
The company pays for 60 percent of purchases on account in the month of purchase and 40 percent in the month following the purchase. What is the expected cash payment for direct materials for the month of January?
Purchases on Account | Cash Purchases | |
| December | $40,000 | $30,000 |
| January | 60,000 | 33,000 |
| February | 50,000 | 35,000 |
| March | 70,000 | 25,000 |
| a. | ||
| b. | ||
| c. | ||
| d. |
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Authors: Gaston De Jesus Rodríguez Milián
1st Edition
6205696061, 978-6205696064
