pe Poppy Corporation forecasts purchases of raw materials (in dollars) for the next three month as...

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pe Poppy Corporation forecasts purchases of raw materials (in dollars) for the next three month as follows: . October $ 600,000 • November $ 800,000 . December $1,200,000 Poppy pays 50% of its materials purchases in the month of the sale and 30% in the month following the sale and the remaining 20% in the second month following the sale. Accounts payable on October 1st are $600,000 and will be paid 60% in October and 40% in November. Poppy's budgeted accounts payable as of the end of November is closest to: $520,000 $960,000 $400,000 $360,000 Next pe Poppy Corporation forecasts purchases of raw materials (in dollars) for the next three month as follows: . October $ 600,000 • November $ 800,000 . December $1,200,000 Poppy pays 50% of its materials purchases in the month of the sale and 30% in the month following the sale and the remaining 20% in the second month following the sale. Accounts payable on October 1st are $600,000 and will be paid 60% in October and 40% in November. Poppy's budgeted accounts payable as of the end of November is closest to: $520,000 $960,000 $400,000 $360,000 Next

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October sale in Accounts Payable 6000... View the full answer