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In March, a quick service restaurant purchased $75,000 worth of food and $15,000 worth of paper products. The restaurants manager

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In March, a quick service restaurant purchased $75,000 worth of food and $15,000 worth of paper products. The restaurant’s manager paid 35% of the cost of these purchases in March and plans to pay the balance in April. What will be the dollar amount of these purchases that will be paid in April? 

a. $58,500

b. $31,500

c. 51,500

d. 38,500

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Related Book For  answer-question
Managerial Accounting for the Hospitality Industry

Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

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Question Details
Chapter # 11
Section: Exercise Questions
Problem: 21
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Question Posted: April 30, 2018 01:33:31
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