Purchases on Account Are Given Below: 55% of the Month's

question 89

Multiple Choice

Purchases on account are given below: 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.
How much will the cash payments for purchases be in November?

• A) $35,500
• B) $34,500
• C) $40,000
• D) $36,000

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