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 December?
A. $46,000
B. $45,500
C. $50,000
D. $44,500
Answer: B
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