Dalton industries makes all purchases on account, subject to the following payment pattern: paid in the month of purchase: 25% paid in the first month following purchase: 55% paid in the second month following purchase: 20% if purchases for january, february, and march were $210,000, $190,000, and $240,000, respectively, what were the firm's budgeted payments in march?

The firm's budgeted payments in March is $206,500

Explanation:

The purchase pattern is categorized into three percentage  : 25%, 55% , and 20%

Here, following month is considered to be a month which is before than actual month.

The firm's budgeted payments in March is computed below:

= 25% of march month + 55% of February month + 20% of January month

= 25% × $240,000 + 55% × $190,000 + 20% × $210,000

= $60,000 + $104,500 + $42,000

= $206,500

Thus, the firm's budgeted payments in March is $206,500

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answer; erp systems;