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Question - Alyssum, Inc., a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year:
Jan
Feb
March
Purchases on account
$279,000
$294,000
$320,000
The vendors have required the following terms of payment:
Month of purchase 30%
First month after the purchase 35%
Second month after the purchase 35%
Required - Calculate the total payment on account for the month of March.
A. $320,000
B. $140,385
C. $168,030
D. $296,550
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