Purchases on Account Are Given Below 55% of the Month's Purchases Will Be Paid in the |

Purchases on account are given below: $$\begin{array} { | c | c | c | } \hline \text { October } & \text { November } & \text { December } \\\hline 30,000 & 40,000 & 50,000 \\\hline\end{array}$$ 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.
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How much will the cash payments for purchases be in November?

A) $35,500
B) $34,500
C) $40,000
D) $36,000

Correct Answer:

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