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Can anyone do this question?
Thanks
A company has budgeted sales as follows
Jan Feb Mar Apr
£20,000 £25,000 £30,000 £35,000
Purchases are made on 1 month’s credit, and replenish sales made in that period. The company’s profit mark-up is 33.33%. The budgeted cash purchases payment in April will be?
a) £15,000
b) £17,500
c) £20,000
d) £25,000
e) £22,500
Thanks
A company has budgeted sales as follows
Jan Feb Mar Apr
£20,000 £25,000 £30,000 £35,000
Purchases are made on 1 month’s credit, and replenish sales made in that period. The company’s profit mark-up is 33.33%. The budgeted cash purchases payment in April will be?
a) £15,000
b) £17,500
c) £20,000
d) £25,000
e) £22,500
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