Purchases for May Were $60,000,while Expected Purchases for June and July

question 72

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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Definitions:

Obsessive-Compulsive Personality Disorder

A mental disorder defined by a consistent pattern of obsession with neatness, striving for flawlessness, and a desire to control one's environment and relationships, often sacrificing adaptability, receptiveness, and productivity.

Con Artist

An individual skilled at deceiving others for personal gain, often through misrepresentation and trickery.

Antisocial Personality Disorder

A psychological disorder characterized by a persistent disregard for moral standards and the rights and emotions of others.

Narcissistic Personality Disorder

A psychiatric condition marked by an inflated sense of self-importance, deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others.