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Acmal Manufacturing Company is estimating the following raw material purchases for the last four months of the year: September.. October . November.. $850,000 $900,000 $810,000 $780,000 December. At Acmal, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. 61. How much cash should Acmal expect to pay out for raw material purchases during the month of November? A) $202,500 B) $832,500 C) $862,500 D) $877,500

Acmal Manufacturing Company is estimating the following raw material purchases for the last four months of the year: September.. October . November.. $850,000 $900,000 $810,000 $780,000 December. At Acmal, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. 61. How much cash should Acmal expect to pay out for raw material purchases during the month of November? A) $202,500 B) $832,500 C) $862,500 D) $877,500

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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Acmal Manufacturing Company is estimating the following raw material purchases for the last four months of the year: $850,000 $900,000 $810,000 $780,000 September.. October . . November. December . At Acmal, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. 61. How much cash should Acmal expect to pay out for raw material purchases during the month of November? A) $202,500 B) $832,500 C) $862,500 D) $877,500
Transcribed Image Text:Acmal Manufacturing Company is estimating the following raw material purchases for the last four months of the year: $850,000 $900,000 $810,000 $780,000 September.. October . . November. December . At Acmal, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. 61. How much cash should Acmal expect to pay out for raw material purchases during the month of November? A) $202,500 B) $832,500 C) $862,500 D) $877,500
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