need solution to the following question posted:

Project Description:

powerdyne company’s cost of goods sold is consistently 60% of sales. the company plans to carry ending merchandise inventory for each month equal to 40% of the next month’s budgeted cost of good sold. all merchandise is purchased on credit, and 50% of the purchases made during a month is paid for in that month. another 35% is paid for during the first month after purchase, and the remaining 15% is paid for during the second month after purchase. expected sales are: august (actual), $150,000; september (actual), $350,000; october (estimated), $200,000; november (estimated), $300,000.
use this information to determine october’s expected cash payments for purchases.
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Price Type: Negotiable

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