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34kurt
3 years ago
15

Magnolia Candle Inc. pays 10% of its purchases on account in the month of the purchase and 90% in the month following the purcha

se. If purchases are budgeted to be $11,900 for March and $12,700 for April, what are the budgeted cash payments for purchases on account for April?
Business
1 answer:
Marizza181 [45]3 years ago
6 0

Answer:

Total cash disbursement= $12,620

Explanation:

Giving the following information:

10% of purchases on account are paid in the month of the purchase

90% of purchases on account are paid in the month following the month of the purchase

Purchases:

March= $11,900

Abril= $12,700

<u>Cash payment April:</u>

Purchase on account from April= 12,700*0.9= 11,430

Purchase on account from March= 11,900*0.1= 1,190

Total cash disbursement= $12,620

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TQK, LLC, provides consulting services and was formed on 1/31/X5. Aaron and ABC, Inc., each hold a 50 percent capital and profit
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Explanation:

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Answer:

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As the business grows or is forced by competitive pressures to alter its product, market, or technology, ______ the company miss
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