Time left 0:28:4 Fraser Company has forecast purchases on account to be $210,000 in March, $270,000 in April, $320,000 in May, and $390,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining thirty percent are paid in the following month. What are budgeted cash payments for April? O a. $252,000 O b. $285,000 OC. $126,000 O d. $159,000

Time left 0:28:4 Fraser Company has forecast purchases on account to be $210,000 in March, $270,000 in April, $320,000 in May, and $390,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining thirty percent are paid in the following month. What are budgeted cash payments for April? O a. $252,000 O b. $285,000 OC. $126,000 O d. $159,000

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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Estate Corp., has the following information: Month Budgeted Purchases January $27,600 February 29 900 March 29,500 April 29.680 May 26,090 Purchases are paid for in the following manner 10% of the purchase amount in the month of purchasc 50% of the purchase amount in the month after purchase 40% of the purchase amount in the second month after purchase Whal is the expected balance in Accounts Payatile as of March 317 OA. 526,550 B. $14,750 OC. $2,990 D. $38,510
Subject: acc
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Finance answer question b)