Question: Question Help Hammond's Cookie Toppings makes payments on its inventory purchases as follows: 30% in the month of purchase, 65% in the following month, and

Question Help Hammond's Cookie Toppings makes payments on its inventory purchases

Question Help Hammond's Cookie Toppings makes payments on its inventory purchases as follows: 30% in the month of purchase, 65% in the following month, and 5% in the second month following purchase. Budgeted inventory purchases for June, July, and August are $16,000, $19,000 and $22,000, respectively. How much should the company budget for August cash payments to account for inventory purchases? O A. $2,850 O B. $19,750 O c. $18,250 OD. $6,550

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