Pure Inc. is a merchandising firm that sells one product. The following information details purchases...
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Pure Inc. is a merchandising firm that sells one product. The following information details purchases from suppliers and sales revenues from customers: Month April May June Sales (on account) $70,000 $92,100 $115,200 Purchases $36,000 $46.000 $64,500 . Customers pay 35% of their balance in the month of the sale and 65% in the month following the sale. The company pays 30% of all purchases in the month of the purchase and the remaining balance in the following month. . How much cash is paid to suppliers in May? How much cash is paid to suppliers in May? $39.000 $44,500 None of those are correct. $42.200
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