Solution-What was the firm budgeted payables balance on june

What was the firm budgeted payables balance on june

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Reference no: EM132093099

Question - Brooke-lyn makes all purchases on account, subject to the following payment pattern:

Paid in the month of purchase: 30%

Paid in the first month following purchase: 65%

Paid in the second month following purchase: 5%

If purchases for April, May, and June were $200,000, $160,000, and $250,000, respectively, what was the firm's budgeted payables balance on June 30?

$175,000.

$179,000.

$183,000.

$189,000.

Some other amount.

Reference no: EM132093099

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What was the firm budgeted payables balance on june

Reference no: EM132093099

Reference no: EM132093099

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