Delegate Inc. has prepared the following purchases budget:

All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase.

Calculate total cash payments made in October for purchases.

Transcribed Image Text:

Budgeted Month Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200 Budgeted Month Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200

Answer rating: 100% (QA)

Payment in October For Oct p... View the full answer