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8_murik_8 [283]
3 years ago
7

MC Qu. 138 Fortune Company's direct materials... Fortune Company's direct materials budget shows the following cost of materials

to be purchased for the coming three months:JanuaryFebruaryMarch Material purchases$ 13,18015,29012,110 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $7,900. The expected January 31 Accounts Payable balance is:
Business
1 answer:
Usimov [2.4K]3 years ago
7 0

Answer:

The answer is "$6,590".

Explanation:

If 50% of the purchase amount would be paid in the next month, the account payable in January will thus amount to 50% of the item purchased in January. In January, all accounts payable at the start of Dec will therefore not be added to the trade payables for January.

=\$ 13,180 \times 50\%\\\\=\$ 13,180 \times \frac{50}{100}\\\\=\frac{\$ 659000}{100}\\\\=\$ 6,590\\\\

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Environmental Designs issues 3,000 stocks of its $1 par cost not unusual stock at $15 per share. magazine entries required

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2) coins $45,000  

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8 0
1 year ago
¿Que es un mapa estratégico?
Anna007 [38]

Answer: Sí

Explanation: Sí

5 0
3 years ago
foreign steel exports, a company based in brazil, colludes with other steel-export companies from around the world to agree on t
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7 0
1 year ago
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Mumz [18]

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8 0
3 years ago
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Aleks [24]

Answer:

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