question archive A 2019 cash budget is being prepared for the purchase of Primer, a merchandise item
A 2019 cash budget is being prepared for the purchase of Primer, a merchandise item
Subject:AccountingPrice:2.86 Bought9
A 2019 cash budget is being prepared for the purchase of Primer, a merchandise item. Budgeted data are: Cost of goods sold for 2019 P300,000;Accounts payable 1/1/19 20,000; Inventory, 1/1/19 30,000; Inventory 12/31/19 42,000. Purchases will be made in twelve equal monthly amounts and paid for in the following month.
What is the 2019 budgeted cash payment for purchases of Primer?
A. P295,000
B. P300,000
C. P306,000
D. P312,000
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