The following details have been extracted from the payables' records of X Co: Invoices paid in the month of purchase 25% Invoices paid in the first month after purchase 70% Invoices paid in the second month after purchase 5% Purchases for July to September are budgeted as follows: July $250,000 August $300,000 September $280,000 For suppliers paid in the month of purchase, a settlement discount of 5% is received. What is the amount budgeted to be paid to suppliers in September?
A、$278,500
B、$280,000
C、$289,000
D、$292,500
A、$278,500
B、$280,000
C、$289,000
D、$292,500
【参考答案及解析】
The amount budgeted to be paid to suppliers in September is $289,000 Workings Paid in Month July $ August September October November Purchases $ $ $ $ $ July $250,000 59.375(1) 175,000(2) 12,500(3) August $300,000 71,250(4) 210,000(5) 15,000(6) September $280,000 66,500(7) 196,000(8) 14,000(9) 289,000 1 $250,000 x 25% x0.95 = $59.375 2 $250,000 x 70% =$175,000 3 $250,000 x 5% =$12,500 4 $300,000 x 25% x0.95 =$71,250 5 $300,000 x 70% =$210,000 6 $300,000 x 5% =$15,000 7 $280,000 x 25% x0.95 =$66.500 8 $280,000 x 70% =$196,000 9 $280,000 x 5% =$14,000
The amount budgeted to be paid to suppliers in September is $289,000 Workings Paid in Month July $ August September October November Purchases $ $ $ $ $ July $250,000 59.375(1) 175,000(2) 12,500(3) August $300,000 71,250(4) 210,000(5) 15,000(6) September $280,000 66,500(7) 196,000(8) 14,000(9) 289,000 1 $250,000 x 25% x0.95 = $59.375 2 $250,000 x 70% =$175,000 3 $250,000 x 5% =$12,500 4 $300,000 x 25% x0.95 =$71,250 5 $300,000 x 70% =$210,000 6 $300,000 x 5% =$15,000 7 $280,000 x 25% x0.95 =$66.500 8 $280,000 x 70% =$196,000 9 $280,000 x 5% =$14,000