A manufacturer has provided the following details for goods purchased on account in different months. The terms

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A manufacturer has provided the following details for goods purchased on account in different months.

The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months.

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: Jun 29, 2018 11:30 AM

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A manufacturer has provided the following details for goods purchased on account in different months. The terms

Question:

Jan Feb March April May June $35,000 28,000 34,000 39,000 32,000 29,000 Jan Feb March April May June $35,000 28,000 34,000 39,000 32,000 29,000

Expert Answer:

Jan Feb March April May June Purchases on account 35000 2... View the full answer

Finance Applications and Theory

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