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

question 100

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 December?

• A) $44,500
• B) $50,000
• C) $46,000
• D) $45,500

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