Mickle Company Has the Following Information

question 46

Multiple Choice

Mickle Company has the following information:
Purchases are paid for in the following manner:
20 percent in the month of purchase
50 percent in the month after purchase
30 percent two months after purchase
-The cash disbursements in December for October purchases will be

• A) $108,750.
• B) $ 43,500.
• C) $ 65,250.
• D) $ 46,000.

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Definitions:

Southern Territories

Geographic regions located in the southern part of a country or continent, which may have distinct cultural, political, or historical significance.

James Tallmadge

A U.S. politician known for proposing an amendment to limit the spread of slavery in Missouri during its admission to the Union.

Missouri Statehood

The admission of Missouri as the 24th state of the United States on August 10, 1821, following the Missouri Compromise.