ACC 281 quiz 5-78

. 0/1pt Question 78 pis Cumberiand Medical Supplies sells incontinence products for $10, and the purchase cost is $6 per package. The firm keeps an inventory of 40% of next month's forecast sales. Each month, it pays suppliers 70% of the current month's purchases, and the remainder is paid in the following month. The first 5 months' sales budget is as follows. January February March April May Sales $6,000 54,000 S$3,000 56,000 $1,000 What are Cumberland's cash payments to suppliers in total from February through April? 70 NN »/8,000 The answer can be determined from Section 10.6 under the heading "Preparing and Formatting Budget Schedules."
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