Company AA has forecast purchases to be .000 in june. 377,000 in July s317,000 in Augunt nd 2000September. Purchases average 30 paid in cah, 70 are on credit Cedit purchases arepaid soin the month of purchase, 30 during the month following and 1on ihe second month folowing the purchase Cash paymnents in Sepeember would beOS119.330$291 0

Cash payments budget shows expected and estimated cash payments to be made for cash purchases as…

Company AA has forecast purchases to be .000 in june 377,000 in juy s317.000 in Augunt nd 2000Sephember Pchases average 0 paid in cah, 70 are on eredit. Cedit purchases are paid sOnthe month of purchase, 30N during the month folluwing and ton the second month folowing the purchase Cash paymnents in September would be O s0.30 O S119.330 O291 O

Company AA has forecast purchases to be .000 in june 377,000 in juy s317.000 in Augunt nd 2000Sephember Pchases average 0 paid in cah, 70 are on eredit. Cedit purchases are paid sOnthe month of purchase, 30N during the month folluwing and ton the second month folowing the purchase Cash paymnents in September would be O s0.30 O S119.330 O291 O

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 11EB: Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase,...

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