Xyz corp pays for merchandise entirely on credit as follows


XYZ Corp pays for merchandise entirely on credit as follows: 60% in the current month, 35% in the month following, and 5% in the second month following. Assume January purchases are $65,000. How much of the January purchases are paid for in January?

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Financial Accounting: Xyz corp pays for merchandise entirely on credit as follows
Reference No:- TGS0999279

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