Ivory Inc. has forecast purchases on account to be $315,000 in March, $375,000 in April, $425,000 in May, and $495,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for June?
Multiple Choice
A. $474,000
B. $446,000
C. $297,000
D. $362,000