Dolittle and Dalley has $3,000 in purchases for January and $5,000 in purchases for February. It expects to pay 80% of its purchases in the month the purchases are made. The remaining amount will be paid in the following month. 

How much does Dolittle and Dalley include as cash paid for inventory in February?

Answer rating: 100% (QA)

Dolittle and Dalley expects to pay 80 of its purchases ... View the full answer