Question: 30. A 2009 cash budget is being prepared for the purchase of Toyi, a merchandise item. Budgeted data are Cost of goods sold for 2009

30. A 2009 cash budget is being prepared for the purchase of Toyi, a merchandise item. Budgeted data are Cost of goods sold for 2009 $300,000 Accounts payable 1/1/09 20,000 Inventory—1/1/09 30,000 12/31/09 42,000 Purchases will be made in twelve equal monthly amounts and paid for in the following month. What is the 2009 budgeted cash payment for purchases of Toyi?

a. $295,000

b. $300,000

c. $306,000

d. $312,000

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