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What are the forecasted december cash payments

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Reference no: EM132551145

A company plans to purchase inventory for the second half of 2014 as follows:

July $100,000

August $75,000

September $225,000

October $125,000

November $250,000

December $30,000

They usually pay 50% of inventory purchases in the month of purchase, 35% in the following month, and 15% in the second month.

Question 1 : Based on this information, what are the forecasted December cash payments?

a. $15,000

b. $18,750

c. $87,500

d. $121,250

Reference no: EM132551145

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