The following data are monthly purchases and sales of Avada Company. 40% of purchases are paid in cash at the time of purchase, and 30% are paid every 2 months. Purchases for the previous January and February were $150,000 per month. Payroll is 10% of sales in the month in which it occurs, and operating expenses are 20% of next month's sales (September sales were $220,000). Interest expenses were $20,000, paid quarterly in March and June. Avada's June cash payments were?

	To buy	Sales
Mart	1.60.000 $	1.00.000 $
Nisan	1.60.000	2.00.000
May	1.60.000	2.40.000
June	1.40.000	3.00.000
July	1.40.000	2.60.000
August	1.20.000	2.40.000

Answer rating: 100% (QA)

Cash payments in June The cash payments in June are for Purchases in June 40 140000 56000 Purchases ... View the full answer