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Digregory Makes All Purchases on Account,subject to the Following Payment

Question 69

Multiple Choice

Digregory makes all purchases on account,subject to the following payment pattern:
Paid in the month of purchase: 30%
Paid in the first month following purchase: 60%
Paid in the second month following purchase: 10%
If purchases for January,February,and March were $200,000,$180,000,and $230,000,respectively,what were the firm's budgeted payments in March?


A) $69,000.
B) $138,000.
C) $177,000.
D) $197,000.
E) Some other amount.

Correct Answer:

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