Purchases for May Were $60,000, While Expected Purchases for June

question 64

Multiple Choice

Purchases for May were $60,000, while expected purchases for June and July are $75,000 and $92,000, respectively. All purchases are paid 30% in the month of purchase and 70% the following month. At what amount are June payments for purchases budgeted?

• A) $64,500
• B) $70,500
• C) $86,900
• D) $92,100

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