.Alyssum, Inc., a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year:
Jan Feb March
Purchases on account $267,000 $291,000 $310,000
The vendors have required the following terms of payment:
Month of purchase 25%
First month of purchase 35%
Second month after the purchase 35%
Calculate the total payment on account for the month of March.
A. $310,000
B. $153,887.50
C. $272,800
D. $146,475
