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Calculate the total payment on account for month of march

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Reference no: EM133047826

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

Reference no: EM133047826

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