Galina, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June $ 69 comma 000.00 July 79 comma 500 August 76 comma 300 September 79 comma 400 October 77 comma 200 All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate the budgeted balance of accounts payable at the end of October

$78,210

Explanation:

Base on the scenario been described in the question, we can use the following to solve the given problem

Payments in October: For Oct. purchases (40% × $77,200) $30,880

Payment For Septeber purchases (50% × $79,400) 39,700

Payment For August purchases (10% × $76,300) 7,630

Total cash paid $78,210

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hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi