Hammond's Cookie Toppings Makes Payments on Its Inventory Purchases as Follows

question 149

Multiple Choice

Hammond's Cookie Toppings makes payments on its inventory purchases as follows: 25% in the month of purchase,65% in the following month,and 10% in the second month following purchase.Budgeted inventory purchases for June,July,and August are $15,000,$19,000 and $24,000,respectively.What is the budgeted amount of cash payments to account for inventory in August at Hammond's Cookie Toppings?

• A)$18,500
• B)$7,850
• C)$5,800
• D)$19,850

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Definitions:

Opiate Receptors

Specialized proteins located in the brain, spinal cord, and gastrointestinal tract that interact with opiate drugs and endogenous opioids to reduce pain and induce feelings of pleasure.

Activating Serotonin

The process of stimulating the release or action of serotonin, a neurotransmitter that contributes to feelings of well-being and happiness.

Binding

The process of physically or chemically linking two or more entities together, often used in biochemical contexts.

Stimulant

A substance that raises levels of physiological or nervous activity in the body, typically improving alertness and energy.