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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