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. $35,500
B. $40,000
C. $36,000
D. $34,500
Answer: A
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