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8 years ago
Delleate, Inc. has prepared the following direct materials purchases budget:

Month   Budgeted DM Purchases
June   $67,000
July   77,000
August   76,300
September   78,000
October   70,200

All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate total cash payments made in October for purchases. 
A) $46,630
B) $35,710
C) $67,080
D) $74,710
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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8 years ago
This was certainly a tough question, loving the expertise
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