The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April P80,000 P30,000 May P90,000 P40,000 June P85,000 P30,000 Purchases are all paid the following month at a 2 percent discount. Cash disbursements for operating expenses in June were P5,000. How much is the total cash payment for purchases and operating expenses for the month of June?
The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April P80,000 P30,000 May P90,000 P40,000 June P85,000 P30,000 Purchases are all paid the following month at a 2 percent discount. Cash disbursements for operating expenses in June were P5,000. How much is the total cash payment for purchases and operating expenses for the month of June?
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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Question
Options:
-
₱86,500
-
₱44,200
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₱85,500
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₱35,000
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