Expected Purchases for June and July Are $80,000 and $92,000,respectively

question 172

Multiple Choice

Expected purchases for June and July are $80,000 and $92,000,respectively.Purchases for May were $60,000.All purchases are paid 45% in the month of purchase and 55% the following month.At what amount are June payments for purchases budgeted?

• A)$69,000
• B)$71,000
• C)$86,600
• D)$110,400

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Definitions:

Gatekeeper

An individual or group that controls access to something, often functioning as a decision-maker who decides whether a message or information will be passed along.

Buying Center

A group of individuals within an organization who participate in the decision-making process for purchasing products or services.

Sales Representative

A professional tasked with selling and promoting a company's products or services, often acting as the liaison between the company and its customers.

Gatekeeper

An individual or entity that controls access to something, such as information, resources, or market entry, often influencing the flow and direction of activities.