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

question 78

Essay

Tolga Moving Systems,Inc.has provided the following details for direct materials purchased on account in different months.
$$\begin{array} { l l } \text { Jan } & \$ 35,000 \\\text { Feb } & \mathbf { 3 , 0 0 0 } \\\text { March } & \mathbf { 3 4 , 0 0 0 } \\\text { April } & \mathbf { 3 9 , 0 0 0 } \\\text { May } & \mathbf { 3 2 , 0 0 0 } \\\text { June } & \mathbf { 2 9 , 0 0 0 }\end{array}$$ 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.

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Definitions:

Company Loyalty

The dedication an employee feels towards their organization or the ongoing commitment of an individual to a business or company.

Work Rules

Established guidelines or procedures within an organization that dictate expected behaviors and actions of its employees.

Getting Along

Refers to the ability to maintain positive and harmonious relationships with others, often involving cooperation and effective communication.

High Extroversion

A personality trait characterized by high levels of enthusiasm, assertiveness, and sociability.