Solution-How much cash was paid for purchases in october

How much cash was paid for purchases in october

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Reference no: EM132740916

Lindell Company made direct material purchases of $48,000 and $60,000 in September and October, respectively. The company pays 60% of its purchases in the month of purchase and 40% is paid in the following month.

Problem 1: How much cash was paid for purchases in October?

Reference no: EM132740916

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How much cash was paid for purchases in october

Reference no: EM132740916

Reference no: EM132740916

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

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