Purchases on account are given below: OctoberNovemberDecember30,00040,00050,00055% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.How much will the cash payments for purchases be in November?
A. $40,000
B. $35,500
C. $34,500
D. $36,000
Answer: B
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