Problema company pay for 25 of its purchases by credit, Ask an Expert

Accounting

Problem:

A company pay for 25% of its purchases by credit terms n/60, 40% of its purchases by credit terms n/30, and the remaining 35% by a two-month advance payment.

Required:

The sources for June's cash paymetns schedule for direct materials would not include which of the following?

June's schedule of expected cash payments for direct materials
August's schedule of expected cash payments for direct materials.
May's schedule of expected cash payments for direct materials.
April's schedule of expected cash payments for direct materials.

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164294

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