NUBD Company expects its purchases for June to be P130,000 and its purchases for July to...
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NUBD Company expects its purchases for June to be P130,000 and its purchases for July to be P124,000. NUBD pays for 60% of its purchases in the month of purchase and receives a 2% discount. NUBD pays for the remaining 40% in the next month without discount. For purchases only, what are the expected cash payments in July? * NUBD Company expects its purchases for June to be P130,000 and its purchases for July to be P124,000. NUBD pays for 60% of its purchases in the month of purchase and receives a 2% discount. NUBD pays for the remaining 40% in the next month without discount. For purchases only, what are the expected cash payments in July? *
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To calculate the expected cash payments in July for purchases only we need to consider the payme... View the full answer
Related Book For
Foundations Of Finance
ISBN: 9780135160619
10th Edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty
Posted Date:
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