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The company pays for 40 of its purchases in the month of

Beecher Inc. is planning to purchase inventory for resale costing $90,000 in October, $70,000 in November, and $40,000 in December. The company pays for 40% of its purchases in the month of purchase and 60% in the month following purchase. What would be the budgeted cash disbursements for purchases of inventory in December?

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Accounting Basics: The company pays for 40 of its purchases in the month of

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