The purpose of a data administration group is to protect data and information assets by establishing data standards and data management practices and policies
Answer: $191,590
Explanation:
August Payments on accounts payable:
From JULY PURCHASES - $77,000 x 80%
$77,000 × 0.8 = $61,600
From August purchases - $73,000 x 20% $73,000 × 0.2 = $14,600
Direct labor payments:
From JULY: $32,300 x 10%
$32,300 × 0.1 = 3,230
From AUGUST: $35,400 x 90%
$35,400 × 0.9 = $31,860
Overhead : $71200 - $6350 = 64,850
Loan repayment - $15,450
Cash payments - $191,590
Loan repayment :
[Loan + ( loan × rate × period)
[15000 + (15000 × (9/100) × 4/12)]
15000 + 450 = $15,450
Cash payment for August :
15450+64850+31860+3230+14600+61600 = $191,590
