77,200 August September 77,300 October 77,600 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 budgeted cash payments made in October for purchases. O A. $38,760.00 O B. $77,410.00 OC. $69,690.00
77,200 August September 77,300 October 77,600 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 budgeted cash payments made in October for purchases. O A. $38,760.00 O B. $77,410.00 OC. $69,690.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Fedor, Inc. has prepared the following direct materials purchases budget:
Budgeted DM Purchases
$68,000.00
Month
June
July
78,500
Transcribed Image Text:August
September
October
77,200
77,300
77,600
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 budgeted cash payments made in October for purchases.
O A. $38,760.00
O B. $77,410.00
OC. $69,690.00
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