Freightcan Holders Has Provided the Following Extracts from Their Budget

question 56

Multiple Choice

Freightcan Holders has provided the following extracts from their budget for the first quarter of the forthcoming year: $$\begin{array} { | l | c | c | c | } \hline & \text { Jan } & \text { Feb } & \text { March } \\\hline \text { Purchases on account } & \$ 280,000 & \$ 295,000 & \$ 310,000 \\\hline\end{array}$$ The vendors allowed terms of payment as follows:
$$\begin{array} { | l | l | } \hline \text { Month of purchase } & 25 \% \\\hline \text { First month after the purchase } & 50 \% \text { of the balance } \\\hline \text { Second month after the purchase } & \text { palance } 50 \% \\\hline\end{array}$$ Calculate the total payment on account for the month of March.

• A) $259,625
• B) $563,245
• C) $325,643
• D) $293,125

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Definitions:

Bell Peppers

Edible fruits from the Capsicum genus, often used in cooking for their sweet and mild flavor.

Household's Income

The total earnings received by all members of a household, including wages, salaries, benefits, and income from investments.

Budget Constraint

The limit on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.

Budget Constraint

A representation of all the combinations of goods and services a consumer can afford, given their income and the prices of goods.