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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