The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April P80,000 P30,000 May P90,000 P40,000 June P85,000 P30,000 Purchases are all paid the following month at a 2 percent discount. Cash disbursements for operating expenses in June were P5,000. How much is the total cash payment for purchases and operating expenses for the month of June?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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  1. ₱86,500

     
  2. ₱44,200

     
  3.  ₱85,500

     
  4. ₱35,000

The following are forecasts of sales and purchases for KWANGYA Company:
Sales
Purchases
April P80,000 P30,000
May P90,000 P40,000
June P85,000 P30,000
Purchases are all paid the following month at a 2 percent discount. Cash disbursements for operating expenses in June were
P5,000.
How much is the total cash payment for purchases and operating expenses for the month of June?
Transcribed Image Text:The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April P80,000 P30,000 May P90,000 P40,000 June P85,000 P30,000 Purchases are all paid the following month at a 2 percent discount. Cash disbursements for operating expenses in June were P5,000. How much is the total cash payment for purchases and operating expenses for the month of June?
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