Purchases in May Were $65,000, While Expected Purchases for June

question 145

Multiple Choice

Purchases in May were $65,000, while expected purchases for June and July are $80,000 and $95,000, respectively. All purchases are paid 35% in the month of purchase and 65% in the following month. At what amount are June payments for purchases budgeted?

• A)$74,750
• B)$70,250
• C)$84,000
• D)$103,500

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