Multiple Choice
Blake Sodas,Inc.has budgeted direct materials inventory purchases as follows: October: $345,000
November: $370,000
December: $440,000
Blake Sodas,Inc.pays for 10% of their purchases during the month of purchase,70% during the month following the purchase,and the remaining 20% two months after the month of purchase.What is the budgeted accounts payable balance on December 31?
A) $396,000
B) $470,000
C) $440,000
D) $433,000
Correct Answer:
Verified
Correct Answer:
Verified
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