Star Moving Systems,Inc The Terms of Payment Offered by the Suppliers Are to Purchased

question 8

Essay

Star Moving Systems,Inc.has provided the following details for direct materials purchased on account in different months.
$$\begin{array} { l l } \text { Jan } & \$ 35,000 \\\text { Feb } &28 , 0 0 0 \\\text { March } &3 4 , 0 0 0 \\\text { April } & 3 9 , 0 0 0 \\\text { May } &3 2 , 0 0 0 \\\text { June } & 2 9 , 0 0 0 \end{array}$$ The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month.Calculate the payments on account made during the first six months.

---

Definitions:

Controversy

A sustained public disagreement or debate, often involving differing opinions on a matter.

Neutral

Not taking sides in a conflict or dispute; unbiased.

Different Perspectives

Various ways of viewing or interpreting a situation, problem, or concept, emphasizing the diversity of viewpoints.

Stipulative Definition

A definition that assigns a meaning to a word for the first time, often without regard for common usage.