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What are the forecasted total cash payments

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Reference no: EM132546009

Question - 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.

Based on this information, what are the forecasted total 2014 cash payments for inventory purchased in the second half of 2014?

a. $705,000

b. $752,500

c. $790,000

d. $805,000

Reference no: EM132546009

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