QUESTION 10 William is a trading company that holds no inventories; it pays for some of its supplies in the month of purchase and the rest in the month after. Each month the following relationships hold: Gross profit Closing trade payables 40% of sales 10% of the cost of sales Sales are budgeted to be £68,000 in April and £58,000 in May. How much cash is budgeted to be paid in May to suppliers? OA. £30,600 OB. £25,000 OC.£35,400 OD. £32,700 仔

QUESTION 10 William is a trading company that holds no inventories; it pays for some of its supplies in the month of purchase and the rest in the month after. Each month the following relationships hold: Gross profit Closing trade payables 40% of sales 10% of the cost of sales Sales are budgeted to be £68,000 in April and £58,000 in May. How much cash is budgeted to be paid in May to suppliers? OA. £30,600 OB. £25,000 OC.£35,400 OD. £32,700 仔

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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