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A company estimate the purchases for the following months: - Month October NovemberDecember January Credit OMR OMR OMR OMR Purchases 40000 45000 45000 50000 50% of the purchases is payable in the following month and remaining 50% is payable in the second following month. Expected payment for purchases for the month of December is equal to: - O A. OMR 40000 O B. OMR 45000 OC. OMR 50000 O D. OMR 42500 Clear my choice

A company estimate the purchases for the following months: - Month October NovemberDecember January Credit OMR OMR OMR OMR Purchases 40000 45000 45000 50000 50% of the purchases is payable in the following month and remaining 50% is payable in the second following month. Expected payment for purchases for the month of December is equal to: - O A. OMR 40000 O B. OMR 45000 OC. OMR 50000 O D. OMR 42500 Clear my choice

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company estimate the purchases for the following months: - Month October NovemberDecember January ut of Credit OMR OMR OMR OMR Purchases 40000 45000 45000 50000 Jestion 50% of the purchases is payable in the following month and remaining 50% is payable in the second following month. Expected payment for purchases for the month of December is equal to: - O A. OMR 40000 O B. OMR 45000 OC. OMR 50000 O D. OMR 42500 Clear my choice Finish attempt . Jump to. Chapter 4 Performance Measurement- - Budgeting Solutions
Transcribed Image Text:A company estimate the purchases for the following months: - Month October NovemberDecember January ut of Credit OMR OMR OMR OMR Purchases 40000 45000 45000 50000 Jestion 50% of the purchases is payable in the following month and remaining 50% is payable in the second following month. Expected payment for purchases for the month of December is equal to: - O A. OMR 40000 O B. OMR 45000 OC. OMR 50000 O D. OMR 42500 Clear my choice Finish attempt . Jump to. Chapter 4 Performance Measurement- - Budgeting Solutions
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