A company's projected inventory purchase for the year are listed below.

35% of the purchase is paid in the month of purchase,

35% is paid in the month following the purchase,

30% is paid in the second month following the purchase.

Jan	$100,000
Feb	110,000
Mar	120,000
Apr	130,000
May	140,000
Jun	150,000
Jul	160,000
Aug	170,000
Sep	180,000
Oct	190,000
Nov	200,000
Dec	210,000

How much will be paid in the last six months of the year?

Answer rating: 100% (QA)

To calculate the payments made in the last six months of the year we need to consider the ... View the full answer