Business, 26.05.2021 18:30 cici170

Concord Corporation reported the following information for 2016: OctoberNovemberDecember Budgeted sales$430000$400000$510000 Budgeted purchases$210000$226000$258000 Cost of goods sold is 35% of sales. Concord purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2016? $84000 $126000 $216000 $90400

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Concord Corporation reported the following information for 2016: OctoberNovemberDecember Budgeted sa...

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