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olya-2409 [2.1K]
3 years ago
10

All purchases are paid for as follows: a. 10% in the month of purchase, b. 40% in the following month, and c. 50% two months aft

er purchase. Calculate total budgeted cash payments made in October for purchases.
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

The total budgeted cash payments made in October is $74,290  

Explanation:

The cash payment made in October

October $69,[email protected]% $6,920  

September $73,[email protected]% $36,850  

August $76,[email protected]% $30,520  

The total is  $74,290  

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c. Pie

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In order to determine which product is the most profitable, we must calculate the contribution margin per hour:

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