Dane Inc. has forecast purchases on account to be $318,000 in March, $370,000 in April,...

60.1K

Verified Solution

Question

Accounting

image
Dane Inc. has forecast purchases on account to be $318,000 in March, $370,000 in April, $421,000 in May, and $493,000 in June. Sixty five percent of purchases are paid for in the month of purchase, the remaining 35% are paid in the following month. What are budgeted cash payments for April?
A) $258,800
B) $351,800
C) $125,800
D) $384,800
nou o Save a 5 Dine in res forecast purchases on account to be 5318.000 nMarch, 5370.000 nord, 21000 in May and $450,000 in ne syve percent of purchases are paid for in the more of purchase the ring we pad in the flowing month Wat budged cash payments for Art 125300 300 0 SO100 o 535400

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students