Purchases on Account Are Given Below 55% of the Month's Purchases Will Be Paid in the |

question 75

Multiple Choice

Purchases on account are given below: $$\begin{array} { | c | c | c | } \hline \text { October } & \text { November } & \text { December } \\\hline 30,000 & 40,000 & 50,000 \\\hline\end{array}$$ 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.
How much will the cash payments for purchases be in December?

• A) $44,500
• B) $50,000
• C) $46,000
• D) $45,500

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Definitions:

Inadequate Employee Skills

The gap between the skills employees have and the skills required for them to effectively perform their job roles.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Strengths

Positive attributes of a company or situation that are within its control, often identified in SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis.

Weaknesses

Flaws or shortcomings within a business that may hinder its performance or ability to compete effectively.