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Dane inc has forecast purchases on account to be 465000 in

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Dane Inc has forecast purchases on account to be $465,000 in March, 555,000 in April, $630,000 in May, and $735,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for April?

a. 528,000
b. 577,500
c. 388,500
d. 189,000

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Accounting Basics: Dane inc has forecast purchases on account to be 465000 in

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Accounting Basics: Dane inc has forecast purchases on account to be 465000 in

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