Risa, Inc. has provided the following extracts from their budget for the first quarter of...
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Accounting
Risa, Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Purchases on account Jan $ 261,000 Feb $293,000 March $310,000
The vendors are allowed the following terms of payment:
Month of purchase 10%
First month after the purchase 35%
Second month after the purchase 35%
Calculate the total payment on account for the month of March.
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